XRP is showing a rise of +5% and is currently testing the key resistance at $3.00. Breakdown of the technical situation.
๐ State of play
XRP is currently outperforming Bitcoin and Ethereum with a strong position above 2.850. After breaking through resistances at 2.880 and 2.90, the bulls pushed the price up to a peak of 2.994, the bulls pushed the price up to a peak of 2.994.
Key technical points:
โ Current price above $2.90 and the 100-hour SMA
โ Active bullish trend line with support at $2.930
โ Ongoing consolidation after the recent rally
๐ Bullish scenario: Target 3,150$
If the bulls hold the support at 2,930$, here are the levels to watch:
First resistance : 2,980$
Major resistance : 3,00$ (crucial psychological level)
Next targets : 3,050$ โ 3,120$ โ 3,150$
A clean breakout above 3,00$ could trigger a new significant upward leg.
๐ Bearish scenario: Supports to defend
If XRP fails to break 2,980$, watch for the following levels:
Immediate support : 2,930$ (trend line)
Critical support : 2,892$ (Fibonacci retracement 50%)
Danger zone : Below 2,860$ โ 2,850$
A close below 2,892$ could signal a deeper correction.
๐ Technical indicators
Current MACD hourly indicator Bullish but declining RSI hourly Above 50 (positive zone)
Critical levels to note :
Major supports : 2,930$ and 2,860$
Key resistances : 2,980$ and 3,00$
Conclusion
XRP remains technically strong as long as it stays above 2,860.The area of 3,00. The area of 3,00. The area of 3,00 remains THE level to conquer to confirm the continuation of the rally.
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