tardecrypto

🔥 $XRP falls to $3.20 after breaking the bullish trend of July — buying opportunity?

📊 Current price and clear technical structure

XRP is trading at $3.20, after reaching an intraday high of $3.55 and falling to a low of $3.19. The chart reveals a break of the uptrend from July, confirming such a break when Bitcoin could not hold $120K.

⚙️ Key factors

The monthly bullish trendline was broken, activating technical sales.

In the last day, XRP fluctuated between $3.46 and $3.57, showing a deep retracement after strong consolidation.

Macro context: BTC's stagnation near $120K triggered a rotation toward altcoins, followed by profit-taking in XRP.

🔧 Technical level of the day

Support: $3.15–$3.20 (current channel lows)

Resistance: $3.46–$3.55 (recent highs)

Critical zone: re-entering and closing above $3.46 would validate the rally; otherwise, it will drop towards $3.00–$3.05.

🌐 Institutional outlook / macro vision

Although the technical break generates short-term pressure, the institutional context remains strong: ETF and on-chain adoption continue to support the token, although capital rotation and profit-taking mark a temporary adjustment.

Will you buy this dip after the trend break or wait for a bounce above $3.46? Comment your move below! 👇

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