XRPUSDT Technical Analysis Shows Critical Zones
XRP is consolidating near $2.85 after a period of heightened volatility, as bulls and bears battle for control around important technical levels. The four-hour chart shows that the token remains inside a broad trading range, with buyers attempting to defend a green support zone around $2.60 and sellers maintaining pressure below the brown resistance band near $2.95.
The market recently recovered from a steep decline, bouncing off the lower support and regaining momentum above the mid-range. Analysts note that the price action reflects a market searching for direction after weeks of fluctuating sentiment. “The current structure suggests accumulation, but a decisive breakout is needed to confirm trend continuation,” said BITX digital asset strategist.
Above the current trading band lies a significant rejection level near $3.20, where earlier rallies met heavy selling pressure. A sustained move above this area could pave the way for a retest of the major resistance around $3.60, which capped the previous surge. On the downside, a failure to hold the $2.60 support would expose XRP to deeper pullbacks toward the lower $2.30–$2.40 range.
Volume data shows a gradual increase in activity, indicating growing interest as the token approaches critical thresholds. “Rising participation near key levels often signals that large players are positioning for the next leg,” BITX market analyst explained.
For traders, the immediate focus remains on the $2.95 resistance zone. Closing above this barrier on strong volume would strengthen the bullish case, while repeated failures could trigger another test of the green support region. “The market is waiting for a catalyst—either a breakout above resistance or a breakdown below support,” the strategist added.
XRP’s ability to remain above its key support level keeps bullish hopes alive, but a convincing push beyond the $3.20 rejection area is essential to signal a renewed uptrend. Until then, the token is likely to continue its range-bound behavior as traders watch for technical confirmation of the next major move.
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.