XRP falls back toward support after facing strong resistance at $3.40–$3.60
XRP is once again under pressure after failing to break through major resistance zones, slipping below $3.00 in Monday’s session. The token, which had rallied sharply in July, is now consolidating as traders weigh the strength of its next move.
In recent weeks, XRP attempted to push beyond $3.40 and $3.60, levels marked as significant resistance on the chart. Each attempt was met with selling pressure, triggering a series of lower highs. The latest rejection pushed the token back into the $2.95 range, where it is currently trading.
Technical analysts point out that this zone is critical. BITX crypto strategist observed, “The $3.40–$3.60 range is acting as a clear ceiling. Until XRP can clear these levels on strong volume, bulls will struggle to sustain upward momentum.”
The chart highlights an important support band between $2.90 and $3.00, shown in green. This area has previously served as a base for rebounds, and market watchers will be closely monitoring whether buyers can defend it again.
Should this level fail, XRP risks revisiting the broader support around $2.70–$2.80, where demand previously surged in July. Conversely, a recovery above $3.10 could re-open the path toward retesting resistance at $3.40.
Market sentiment
Despite the latest decline, some traders remain cautiously optimistic.According to BITX analyst , “XRP has shown resilience after each correction this summer. As long as it holds above $2.80, the broader trend still favors buyers.”
The coming days will be crucial, as XRP’s ability to hold its $3.00 support could determine whether this consolidation leads to another breakout attempt, or a deeper retracement toward lower levels.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.