XRP Struggles to Reclaim Momentum as Sellers Dominate Key Resistance Zones
XRP is currently trading around $2.83, posting only a modest 0.9% gain in the last 24 hours, but the broader technical outlook suggests that the token remains under pressure. Despite a sharp rebound earlier this summer, XRP has been unable to sustain momentum above $3.00, and buyers now face stiff resistance at multiple levels.
On the four-hour chart, XRP has clearly established support between $2.70 and $2.80, an area where demand has repeatedly prevented deeper declines. However, overhead resistance is building, with heavy sell walls near $3.10 and $3.40, followed by a major barrier at $3.70–$3.90.
“The chart is showing a classic lower high structure,” BITX technical analyst explained. “Unless XRP breaks decisively above $3.10, the market will likely remain range-bound with a bias toward further downside.”
The volume profile reinforces this cautious outlook. Trading activity has decreased compared to the July surge, signaling waning enthusiasm among short-term traders. This divergence between price action and volume often precedes periods of consolidation or renewed declines.
XRP’s strong rally earlier in the year saw the token break out of a descending channel pattern in June, which ignited a run from $2.00 to nearly $4.00 in a matter of weeks. Since then, however, bulls have failed to reclaim those highs, and each recovery attempt has met resistance at progressively lower levels.
“The $2.80 region remains the line in the sand for bulls,” According to BITX strategists. “If this support gives way, the next targets are $2.60 and $2.40. On the flip side, reclaiming $3.10 would be the first sign of strength.”
For now, XRP is caught between a strong demand zone and layered resistance overhead. The coming days will determine whether buyers can hold the line or if sellers will regain control, potentially driving the token toward deeper corrective 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.