XRP Soars to $3.90 Before Rejection, Now Holding $3.59

 Key Insights:

• XRP rallied from a double bottom near $2.80–$2.90 before rejection at $3.90 resistance.
• Current price consolidates near $3.59, holding above $3.30 support while resistance remains at $3.90.
• Daily outlook notes $3.1320 as breakout trigger, with $2.8830 support maintaining bullish market structure. 

XRP gained strong momentum after forming a double bottom pattern in the $2.80–$2.90 range. This technical setup marked a reversal from earlier weakness and gave buyers the push to reclaim higher levels. The rally extended to $3.9001, where XRP encountered resistance.

The breakout from the double bottom reflected renewed strength, with buyers stepping in aggressively. However, the inability to hold above $3.90 triggered a pullback, signaling that profit-taking and supply pressure remain in play near that level.

Current Price Action and Consolidation

At present, XRP is trading near $3.59, consolidating between short-term support at $3.30 and resistance at $3.90. The candles on the chart show price attempting to stabilize, with buyers trying to defend above $3.50. This consolidation suggests the market is preparing for a more decisive move.

A clear push above $3.90 could open the door for another leg higher, while losing the $3.30 level may lead to further testing of lower supports. 

As one trader noted,

 “The next big move depends on whether XRP can reclaim $3.90 or break below $3.30.”

Daily Technical Outlook

Analysis from CRYPTOWZRDpoints out that XRP’s daily close was slightly bullish. The commentary emphasizes that holding above $3.1320 is key for triggering the next long opportunity. A confirmed move above this resistance would reinforce the bullish case and signal further upside potential.

The main daily support remains at $2.8830, a level where buyers previously defended the market. As long as XRP trades above this area, the broader structure favors continuation of the uptrend, despite short-term volatility around resistance.

External Factors and Trader Focus

Market watchers are also paying attention to broader events. The upcoming FOMC meeting and Bitcoin’s reaction could influence short-term direction for XRP. A positive push from BTC may provide the catalyst for XRP to retest $3.90 and potentially move beyond it.

For now, XRP sits in a neutral-to-bullish range, with support defined at $2.8830 and resistance at $3.90. Traders are monitoring closely to see if the pullback at $3.59 will evolve into renewed momentum or if the market needs deeper consolidation.