XRP shows resilience as bulls defend $2.80 zone, eyes set on breaking higher resistance levels
XRP has staged a recovery after defending the critical $2.80 support zone, sparking renewed optimism among traders. The token is now trading around $3.02, with momentum suggesting a potential test of upper resistance levels if buying pressure continues.
The daily chart highlights that XRP recently bounced from a green demand zone between $2.75 and $2.85, where buyers consistently entered the market. This area has become a key support level for the asset.
On the upside, immediate resistance is visible around $3.20, marked by consolidation in recent weeks. Above that, the next major hurdle lies between $3.40 and $3.60, where sellers previously capped rallies. A clear breakout above these levels could open the path toward the $3.80 zone.
Earlier this year, XRP broke out of a falling channel pattern, fueling a sharp rally. Since then, price action has cooled, moving within a broader range. Analysts note that this consolidation could be a healthy reset before the next major move.
According to BITX Market strategists : “The $2.80 level has proven to be a strong foundation for XRP. As long as this support holds, the probability of retesting $3.40 remains high. However, failure to sustain above $2.80 could drag price back toward $2.50.”
Volume data shows steady accumulation on dips, hinting at underlying confidence. Still, experts warn that buyers must reclaim $3.20 convincingly to shift momentum fully in favor of the bulls.
In the short term, XRP’s trajectory depends on whether it can maintain support at $2.80 while building enough strength to overcome heavy resistance at $3.20–$3.40. Traders are watching closely as the market sets up for its next decisive 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.