Ripple’s token rebounds strongly but faces critical barriers before further gains
XRP (XRP/USDT) has staged an impressive rebound, climbing to $3.17 after finding strong demand near its support base around $2.80. This recovery has sparked optimism among traders, but technical data suggests the asset now faces crucial resistance levels that will determine its next move.
The chart indicates that XRP recently defended its green support zone around $2.80, an area where buying activity intensified. This bounce pushed the price into the $3.10–$3.20 range, a zone marked by a grey resistance band.
Above this region, the next major hurdles lie at $3.40 and $3.70, highlighted as strong resistance zones. If buyers manage to break through, XRP could retest the $3.80–$4.00 region, which represents a key psychological and technical barrier.
On the downside, failure to sustain above $3.00 could see the token retesting its support near $2.80, a level that remains essential for maintaining the bullish structure.
Market insights
Market analysts emphasize the importance of current levels. One technical strategist noted, “The $3.20 resistance zone is the line in the sand. A decisive close above it could open the door for XRP to challenge the $3.70 range.”
According to BITX . “Volume confirmation is needed for this breakout to hold. Without strong inflows, XRP risks slipping back toward its support base,” .
The latest rebound reflects improving sentiment in the broader market, but experts stress that XRP must clear $3.40 before a sustained bullish trend can unfold. Traders are closely monitoring the resistance bands, which have historically triggered pullbacks.
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.