Peter Smith
XRP is climbing 2.32% to $3.0605, putting traders on edge as the digital asset approaches a make-or-break moment at the $3.20 resistance level. This move could set the stage for something bigger – or trigger a painful rejection back to support.
XRP Price Recovers From August Lows
XRP found solid footing in the $2.80–$2.90 zone during early August's chaos, and bulls are now methodically working back toward key resistance. The $3.20 level has repeatedly rejected XRP before, making it a crucial test.
Staying above the $3.00 psychological level suggests genuine buying interest beneath the surface. A clean break above $3.20 could target the $3.50–$3.60 area where XRP peaked in July.
Weak Momentum Despite Price Gains
Despite decent gains, the RSI sits at an extremely low 0.0104 – momentum is practically non-existent. This creates a fascinating disconnect: either XRP is quietly building energy for a massive move, or this rally is running on fumes.
The RSI reading suggests plenty of room for upside if the right catalyst appears, but the current move lacks conviction. If momentum stays weak, even small selling pressure could drag prices back toward $3.00 support.
Peter Smith
