Key Insights:
- XRP maintains $3 support after breakout, setting stage for a possible next upward price phase.
- TD Sequential buy signal on 4-hour chart suggests selling pressure easing and rebound potential.
- $3.80–$4.00 remains the key supply zone if XRP sustains buying strength above $3.00.
XRP was trading near $3.02 after a recent breakout and retest of support. Analyst “🦖WAGMISAURUS REX🦖” stated,
“$XRP – reacting as expected. Break out, Retest of support then awaiting the pump 🚀.”
The daily chart shows price moving above a descending trendline before pulling back to retest that zone, which now acts as a horizontal support area.
This retest matches the $3.00 psychological level. Keeping daily closes above this point keeps the bullish structure in place. The chart also shows a supply zone near $3.80–$4.00. If the present support holds, traders will watch for a possible move toward that higher range, as suggested by the projected continuation arrows.
TD Sequential Buy Signal on 4-Hour Chart
Analyst Ali said,
“$XRP is ready to bounce as the TD Sequential flashed a buy signal!”
The 4-hour XRP/USDT chart recorded a downward run of lower highs and lower lows, reaching close to $2.95. At the latest candle, the Tom DeMark Sequential showed a buy signal, which usually forms after a nine-count downtrend and can signal a potential reversal.
This setup points to fading selling pressure. A confirmed rise above $3.00 could back the TD signal and spark a short-term recovery. Traders are watching for stronger buying and increased trading volume to confirm that a rebound from the current support area is developing.
Market Performance and Trading Volume
XRP traded at $3.02 with a 24-hour trading volume of about $5.24 billion. The token has seen a 0.85% drop in the last 24 hours and a 2.10% gain over the past seven days. This mix of a small daily pullback and a weekly rise shows steady market activity around the $3.00 level.
Price action indicates that XRP is holding the breakout area. Ongoing buying near $3.00 will be key to sustain the bullish outlook and support any potential move toward the $3.80–$4.00 supply zone shown on the chart.
The breakout and retest pattern, together with the TD Sequential buy signal, give traders clear technical levels to watch. Keeping the $3.00 support intact is essential for the scenario of a possible next pump. A move above $3.80 would represent the next major resistance test if upward momentum continues.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/xrp-holds-3-after-breakout/