What’s in Store for XRP?
Even though XRP has regained some momentum and reclaimed the $3.09 zone, the 3rd-largest cryptocurrency had dropped back to the psychologically pivotal $3.00 mark.
As a result, this move has ignited speculation as to whether this is a setup for a bullish breakout, or an ominous signal of deeper downside.
Earlier this week, XRP surged to a new all-time high of $3.65, powered by institutional inflows and heavy on-chain activity.
Technical indicators now show a downward‑sloping trend line on hourly charts and bearish momentum across MACD and RSI, with prices hovering near the $3.05 to $3.30 zone.
Therefore, key support resides at $3.00 and the confluence at the 100‑hour moving average at $2.98.
On the flip side, if the key support zone of $3.00 does not hold, a drop toward $2.80–$2.60 might happen because they are the next strategic zones.
The Verdict: Launchpad or Red Flag?
XRP’s defense of the $3.00 mark over the next few sessions will be pivotal. A firm bounce here especially if it breaks above $3.35–$3.40 could signal a resumption toward $3.60–$4.00 and possibly rekindle the rally toward $10 that some models predict.
Technical analyst, XRPunkie opined, “XRP went from $1.95 to $3.65, up 92% in 30 days. We just had a 16% pullback. It’s a healthy correction. Nothing out of the ordinary in crypto. Sit back, chill and relax. Let it bottom out and we should be on our way to much higher prices real soon. $10-$15 is still in play.”
Therefore, XRPunkie believes that XRP might be bottoming out because it has hit a strong support zone of $3, following a sharp drop caused by massive liquidations of more than $18 billion, and is now seeing buyers step in.
If it holds this level and volume increases, this could set the stage for a trend reversal or a new breakout attempt in the near term.
Nevertheless, a collapse below $3.00 opens the door to a deeper pullback, with support zones sitting between $2.80–$2.60.
Conclusion
XRP’s return to $3.00 is a defining chokepoint and double‑edged sword because it’s either the launchpad that reignites the rally or a warning of a deeper pullback ahead.
