XRP Price To $3? Key Support & Resistance Levels To Watch

As the crypto market was beginning to look up and on the mend, Ripple Labs’ XRP traded near the $2.90 price mark over the weekend.

Many traders are watching key levels closely, with support at $2.85 and resistance at $3.12 likely to guide the next move.

Traders React as XRP Price Holds Steady After Quick Dip

The price of XRP stood at $2.90, rising over 5% after dropping to $2.75 earlier today, thus keeping it in focus for many traders.

The dip came with a sharp wick on the two-month chart, which drew strong reactions online. Some took it as a sign of weakness, while others saw it as part of a wider trend that is still forming.

Analyst ‘EGRAG CRYPTO’ pointed out that the wick caused panic among new traders. However, he explained that XRP price might be building one of its strongest candle body structures in years.

He urged the XRP community to remain calm, saying that fast price moves can be misleading without looking at the bigger picture.

More importantly, he added that the key to turning things around would be a close above the $3.12 resistance level.

Without that, he warned, another wick could appear, shaking out more traders.

EGRAG said market makers often use such moves to take advantage of fear, especially from less experienced traders.

Another analyst, Dark Defender, also commented on the XRP price move. He said XRP had touched the level of $2.8558, which he had predicted days earlier.

According to the update, he referred to this point as the fourth wave dip in the price pattern.

According to him, this move had already been discussed in the community, showing that it was not a surprise to everyone following the chart closely.

He reminded traders to be careful with leverage, saying it can lead to losses and strong emotional reactions.

He also noted that once XRP moves past the $3 level again, more people will understand the structure that is forming now.

$3.12 Mark Seen as Next Barrier for XRP

The most talked-about XRP price level now is $3.12. Analysts say that closing above this level is important if XRP is going to gain more strength.

For now, XRP seems to be holding its ground, but pressure could build if the price fails to break through.

If resistance holds, more short-term dips could follow. Some expect another wick if buyers do not step in soon.

For newer traders, this could mean more pressure to sell, which could give larger players a chance to buy at lower prices.

So far, support near $2.85 has remained strong with many analysts watching that level closely.

If it breaks, XRP could face more downside before trying again to move up. If it holds, it could act as a base for another push.

Ripple CTO Shares Plans for XRPL Upgrade

Away from price movement, Ripple’s Chief Technology Officer, David Schwartz, shared plans for a new XRP Ledger (XRPL) server.

In a recent post, he said he would set up a personal high-speed server to support the XRP Ledger network.

The server would not be part of Ripple’s official work. Instead, it would serve as a way to gather data and help test performance.

He said the server would run on strong hardware in a New York data center. It would also have extra capacity for validators and other network services.

The Ripple CTO made it clear that no single server should become a key part of the network.

He said the XRPL is designed to remain decentralized, and his project would support that goal without causing disruption.