XRP Maintains Critical Levels Amid Market Volatility
XRP has managed to hold above the crucial $2.80 support zone, sparking renewed interest among traders who see potential for a bullish reversal. The price, currently hovering near $3.04, has rebounded after testing strong demand areas highlighted on the chart.
The 4-hour chart shows a clear shift from a descending channel pattern observed earlier in June to a strong bullish breakout that pushed XRP above $3.50 before facing resistance. The recent pullback found buyers near the green demand zone between $2.80 and $2.95, indicating robust accumulation.
“Maintaining support above $2.80 is vital for bulls,” According to BITX market analyst. “If XRP can sustain this level, the next upside target remains around $3.30, followed by the key resistance zone near $3.60.”
The price action highlights two major resistance blocks:
- $3.30 – $3.35: Short-term sellers may defend this zone aggressively.
- $3.55 – $3.80: A critical barrier; breaking above could trigger a strong continuation rally toward $4.00.
Experts warn that a failure to reclaim these levels could result in a retest of the $2.80 support, where further downside risks remain if buyers fail to hold.
Volume spikes indicate strong interest near key levels, suggesting that institutional players could be accumulating positions. However, analysts caution that rising volatility may lead to sharp intraday moves. “Patience is key here. XRP needs to confirm a breakout above $3.30 before any significant trend shift,” .
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.