XRP stabilizes near $2.85, finding support after weeks of selling pressure. Traders now watch resistance levels at $3.20 and $3.60.
After a volatile few weeks, XRP is showing resilience at the $2.80–$2.85 support band, with price currently hovering at $2.87. The move comes after the token pulled back sharply from its recent highs above $3.40, where sellers dominated.
The 4-hour chart highlights that XRP is now testing its green demand zone near $2.80, a level that previously acted as a springboard for July’s rally. Holding this area could encourage buyers to regain control, with immediate upside targets at $3.20 and $3.60, marked by red resistance zones on the chart.
On the downside, a breakdown below $2.80 could expose the orange demand area around $2.55–$2.60, which represents the next major support.
“The $2.80 level is absolutely critical for XRP. A sustained close above this zone can pave the way for another attempt at $3.20,” BITX market analyst explained.
Despite the recent bounce, trading volumes remain subdued compared to the strong breakout in mid-July. “XRP’s rally momentum has clearly slowed. Without stronger volume inflows, resistance at $3.20 may prove difficult to overcome,” According to BITX analysts.
At the same time, many investors remain optimistic about the asset’s long-term role in the cross-border payments sector. For now, price stability above $2.80 is viewed as a healthy consolidation phase rather than a breakdown.
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.