XRP is currently testing a critical trendline near $3.13 after dipping below $3.00. A close above $3.15 could signal a bullish reversal, while failure to hold could lead to further declines.
XRP is testing its old trendline at $3.13 after slipping below it for the first time in weeks.
Closing above $3.15 on the 4H chart could give bulls the upper hand again.
Long wicks around key levels show intense battles between buyers and sellers.
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What is XRP’s Current Price Trend?
XRP is currently retesting a crucial trendline at $3.13 after a recent dip below $3.00. This trendline has historically acted as a support level, and its current status will determine the next price movement for XRP.
How Does XRP’s Trendline Impact Its Price?
According to charts shared on X by cryptoesta, XRP’s 4-hour structure shows a sharp breakdown below an ascending trendline that has held since mid-July. Price fell to around $2.95 before rebounding toward $3.13, now sitting just above the former support. This movement forms a classic breakdown-retest scenario, where the reclaimed trendline could act as resistance.
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Earlier, the same trendline had guided XRP higher from $2.60 to $3.60. Multiple bounces confirmed its importance. The August 13 breakdown marked the first decisive close beneath it in weeks, signaling a structural shift. Holding above $3.15 could turn the short-term bearish trend around, but if the price can’t stay above it, the selling pressure may keep pushing it lower.
Crypto market watcher Steph_iscrypto on X highlighted XRP’s longer-term daily pattern, moving through clear accumulation, breakout, and re-accumulation phases. Between May and October 2024, prices held between $0.40 and $0.60 before surging past $1.70. A consolidation zone between $1.70 and $3.50 followed, ending with a breakout above $3.50 in late July 2025.
The projected blow-off top zone begins above $4.00, extending to $24.00. Price currently trades near $3.80, suggesting it is still in the early stages of the next phase if historical structure holds.
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Source: https://en.coinotag.com/xrp-retests-key-trendline-at-3-13-will-bulls-seize-the-opportunity-for-a-comeback/