Peter Smith
XRP is making headlines again with a strong bounce above the critical $3.00 support zone. The digital asset jumped 7.76% on August 26, reaching $3.08 and suggesting the bulls might be back in control after weeks of choppy price action.
XRP (XRP) Price Levels: Support at $3.00, Resistance at $3.66 and $4.00
Crypto trader @ZachRector7 noted the impressive recovery from the $2.85 area, highlighting how XRP has regained bullish momentum. The chart structure now looks more favorable for higher prices, provided the current strength continues.
From a technical standpoint, $3.00 remains the key support to watch. As long as XRP holds above this level, the breakout stays intact and opens the door for further upside. The next major hurdle sits at $3.66, with the psychological $4.00 mark serving as the ultimate test for this rally.
Recent price swings tell an interesting story: XRP gained 9% in late July before giving back 11.27% in mid-August. However, the latest bounce from $3.00 shows buyers are still willing to step in at key levels.
What's Next for XRP (XRP) Price?
The technical outlook appears positive. With the RSI at 51.78, there's plenty of room for momentum to build without hitting overbought conditions. A push above $3.10 would likely trigger more buying interest toward the $3.66 target. Breaking that resistance could then open the path to $4.00 – a level that could signal the start of a larger uptrend.
The downside risk centers around the $3.00 support. If that level fails, XRP could retreat back toward the $2.85–$2.90 zone. For now though, improving market sentiment has traders viewing any dips as potential buying opportunities.
Peter Smith
