The price of XRP is attempting to recover and reach the important $3 level once again. The current trading price stands at $2.83, which is down 1% over the last 24 hours. Most of the top ten cryptocurrencies have shown declines as well.
Support Holding, But Momentum Weak
XRP price remains above the $2.74 support zone, a level that has proven significant over the past weeks. While buyers have managed to defend this floor, momentum remains weak. XRP continues to print lower highs and lower lows, a classic sign of caution in the market.
Resistance Levels in Focus
On the upside, XRP faces stiff resistance. The first meaningful barrier sits at $3.10, where a break above could signal early signs of recovery. Beyond that, the $3.40 level stands out as a critical test. Clearing this zone could open the door for a move towards $3.80 and eventually the $4.40 to $5.00 range.
Market Structure Still Unclear
The overall structure of the chart suggests XRP is still trapped in a correction that began in July. Without a stronger push above resistance, the risk of revisiting lower levels remains high.
As long as XRP stays above $2.74, the reward-to-risk profile favors those betting on a bounce. However, if that floor gives way, the bearish scenario comes back into play.
