XRP Could Test $2.95 Near Term and Potentially Rise Toward $3 If Buyers Reclaim Key Levels

  • Intraday resistance: $2.8496

  • Midterm pivot and false breakout observed at $2.7280

  • Current price: $2.8424; a weekly close away from $2.7280 favors buyers

XRP price update: XRP/USD trading at $2.84 after slight pullback; read technical levels and next steps. Stay informed with COINOTAG.

What is the latest XRP price movement and outlook?

The latest XRP price data shows a small 0.09% decline over 24 hours, with XRP/USD at $2.8424 at press time. Intraday resistance sits at $2.8496; a decisive daily close above $2.8693 would increase the probability of testing $2.95 and potentially $3.00 within the short term.

The prices of some of the coins are rising today, while others remain in the red zone, according to CoinStats.

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On the hourly chart, the rate of XRP is near the local resistance of $2.8496. With most of the daily ATR already consumed, the market shows reduced volatility for the next 24 hours. Traders should watch for a clear hourly close above resistance or a rejection that may lead to short-term consolidation.

On the longer time frame, buyers are attempting to reassert control after yesterday’s bearish close. A false breakout was recorded near the $2.7280 level, and if the weekly bar closes well above that mark, momentum could shift in favor of bulls, targeting a local rise toward the $3.00 psychological level.

If the candle closes above it, there is a chance to see a test of the $2.95 mark.

From the midterm point of view, the rate of XRP has made a false breakout of the $2.7280 level. If the weekly bar closes far from that mark, buyers may seize the initiative, which may lead to a local rise to the $3 mark.


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Source: https://en.coinotag.com/xrp-could-test-2-95-near-term-and-potentially-rise-toward-3-if-buyers-reclaim-key-levels/