XRP price is losing momentum after topping near $3.20; immediate support sits at $2.80–$2.90, with a weekly 20‑week average near $2.64. A decisive close above $3.20 is needed to resume a bullish trend; failure to hold $2.80 risks a deeper pullback.
Key support: $2.80–$2.90 range
Resistance cluster near $3.14–$3.20; failure to break reduces bullish odds
Weekly 20‑week average at $2.64; volume and Bollinger Band position signal waning momentum
Meta description: XRP price shows cooling momentum near $3.10 with key support at $2.80–$2.90; track Bollinger Bands and weekly 20‑week average for next directional cue. Read more.
What is the current XRP price outlook?
XRP price is showing signs of cooling after highs near $3.20, sitting around $3.05 with weakening momentum. Short-term technicals point to the $2.80–$2.90 support band as critical; a confirmed close above $3.20 is required to validate further upside.
How are Bollinger Bands and moving averages shaping the near-term view?
XRP recently failed to hold above the upper Bollinger Band near $3.14, which often precedes consolidation or retracement. On the daily chart the token hovers between the upper and middle bands, making the mid-band a likely magnet. The weekly 20‑week average sits near $2.64, providing a longer-term support reference.
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XRP’s rally loses steam near the $3 level as technical indicators show weakening momentum and risk of slipping below key support zones.
- XRP failed to hold above the upper Bollinger Band at $3.14, signaling reduced bullish pressure in the near term.
- The $2.80 to $2.90 range emerges as critical support as the token hovers near the $3.05 area amid slowing momentum.
- Weekly charts show XRP holding above its 20-week average at $2.64, but upside remains limited without a firm close above $3.20.
XRP is showing signs of cooling off after reaching highs near $3.20, as its recent rally stalls under growing technical pressure. After rebounding from late‑August lows close to $2.70, the token pushed back to the $3.10 range but failed to maintain strength above the upper Bollinger Band near $3.14.
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The daily chart shows XRP hovering near $3.09 while sitting between the upper and middle Bollinger Bands. Historically, this positioning without a confirmed breakout indicates market hesitation. Prices frequently retrace toward the mid‑band during similar phases, suggesting XRP could soon revisit the $2.90 area unless a decisive push above resistance occurs.
Analysts are watching the $2.80–$2.90 range as the primary short-term support. A hold here would likely stabilize price action; a drop below $2.80 could open the path to the 20‑week moving average around $2.64. On intraday charts, the lower Bollinger Band rising toward $2.97 reinforces the need for the $3.00 level to act as a short-term floor.
Volume has been mixed: spikes on some exchanges increased volatility, but buy-side follow-through has been muted. The inability to close weekly sessions above $3.20 keeps structure neutral-to-cautious. Traders reducing position size and lowering risk exposure are consistent with the current pattern.
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Source: https://en.coinotag.com/xrp-may-slip-toward-2-80-2-90-support-as-technical-momentum-weakens-near-3/