Saad Ullah
XRP is sitting at the edge of something big. The token's testing $3.00 - a level that's been both friend and enemy in recent sessions. This isn't just another random price point.
Technical Setup: All Systems Go
As trader Mehmet Kandemir pointed out, this could be the "final stop" before XRP makes its next major move higher. Miss this setup, and you might be watching from the sidelines.
The charts tell a clear story. XRP's holding steady around $2.99-$3.01, staying above its moving averages and knocking on the door of yesterday's high. Both short and mid-term trend lines are pointing up, which is exactly what bulls want to see.
Key Levels to Watch:
- Upside targets: $3.06 → $3.10 → $3.20
- Support zones: $2.98 immediate, $2.95 stronger backup
- Stop level: Below $2.95 invalidates the setup
The equilibrium phase we're seeing often precedes bigger moves. XRP's balancing act here suggests the market's gearing up for something.
Why This Rally Could Have Legs
The technical picture is solid. Price action above the key moving averages usually means momentum's building. Market sentiment across crypto has been picking up, and XRP's benefiting from that broader optimism. The $3.06-$3.20 zone lines up perfectly with where big money tends to sit - break through there and acceleration becomes likely.
Nothing's guaranteed in crypto. If XRP can't close above $3.06, we're probably heading back to $2.95. Bitcoin's moves still drive the show for most altcoins, so keep an eye on BTC dominance. And let's not forget - regulatory headlines or macro surprises can flip the script fast.
Saad Ullah
