Key Insights:
- XRP price hovered near $3 at press time, testing major resistance.
- Analysts marked $2.81–$2.84 as critical support on shorter charts.
- Closing above $3.07 and the 55-day SMA may confirm further gains.
XRP price tested the $3 threshold at press time, finding major support at $2.90. Amid this, analysts highlighted key levels to watch that could shape the next momentum of Ripple coin.
So, is this current setup the beginning of a confirmed breakout or another failed approach to resistance?
XRP Price Approaches a Major Barrier
XRP aprice dvanced beyond $2.90 earlier in the week, ending a consolidation phase between $2.80 and $2.90. Analysts said the move suggested buyers were gaining momentum. The $3 region emerged as the immediate test for bulls.
Amid this, renowned expert Ali Martinez said $2.90 now acted as support, and $3 formed the next ceiling. He noted that strength above this zone could reinforce the bullish case.
Meanwhile, other analysts also agreed that conviction required more than intraday spikes. They said only a sustained close above resistance could signal a valid breakout for Ripple coin. Without that confirmation, the possibility of another reversal remained.
XRP price had attempted to clear $3 several times over the recent weeks. Each effort stalled near resistance, which left traders cautious about celebrating short-lived rallies.
Analysts said repeating this behavior without confirmation could undermine confidence among buyers.
Ripple’s Short-term Support Defines Momentum
Technical analyst JR focused on the $2.81–$2.84 area on four-hour charts. He said the token hovered near this range for a long time, making it a key level for short-term momentum.
According to JR, a breakout above $2.93 could open the door to $3.07–$3.10. He explained that these price zones lined up with Fibonacci retracement markers. Traders often used these retracements to project likely extensions of price moves.
However, JR also warned that losing $2.81 would shift momentum toward sellers. A breakdown could push XRP to $2.74 or $2.67.
That outcome would pressure bullish traders who expected follow-through after the move above $2.90.
The narrow range between these support and resistance levels gave traders specific reference points. Analysts said the market’s reaction around $2.81 and $2.93 would likely decide whether XRP price continued upward or corrected lower.
Market participants monitored these levels closely, since small shifts often determined whether a rally strengthened or failed.
The reliance on such precise bands underscored the importance of short-term technical structures in framing expectations.
Can XRP Price Reach $3.40?
Analyst EGRAG CRYPTO described XRP price is facing a turning point. He said a close above $2.94 with conviction would confirm that buyers had regained control.
A move above the 33-day simple moving average (SMA) near $3.01 would reinforce this signal.
He identified $3.07 as another critical test. This level is aligned with the 55-day SMA. A close above it could validate a rally toward $3.40.
He presented this zone as the next bullish target if momentum continued.
At press time, XRP price was near $2.98. The token recorded a daily gain of around 3% and an increase of roughly 8% for the week.
Circulating supply stood at 60 billion tokens, placing market capitalization above $177 billion.
Meanwhile, the overall market sentiment for the asset was mixed. Some traders said consolidation near $3 could act as a foundation for higher moves.
Others pointed to repeated failures at resistance and said a break below support could send the token back into lower ranges.
The reaction around the identified support and resistance zones was expected to determine the short-term path.
Analysts said these markers, combined with moving averages, would either confirm a breakout above $3 or reveal another throwback into consolidation.