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XRP Balances on the Edge: Will It Hold $2.90 or Face a Drop? The $3.40 Target Remains in Sight
XRP's price is currently oscillating in a key zone, sending mixed signals. On one hand, it’s holding above strong support. On the other, a bearish divergence is flashing warnings that bullish momentum may soon fade.
⚠️ Bearish Divergence Still Lingers XRP has been showing bearish divergence for a while now – a situation where price rises but momentum indicators weaken. This isn’t a sign of an immediate crash, but rather a quiet alarm that the bullish strength could slowly fade over the coming weeks or even months.
📊 Daily Chart: $2.90 as a Key Fortress The daily chart shows XRP bouncing off the $2.90 Fibonacci support, with the $2.90–$3.00 area forming a strong support zone. If XRP holds this range, we may see another short-term rebound to the upside. However, if the price closes below $2.90, a decline toward $2.75 becomes likely. Should that level break too, the next safety net lies between $2.55–$2.62.
🚧 Resistance Blocks the Way Up Bulls are currently facing the first resistance around $3.10, with a stronger barrier between $3.10–$3.20. If XRP breaks through this zone, the next price target stands at $3.40 – a key psychological and technical level. For now, XRP seems trapped in a sideways channel. Support is holding steady, but resistance is capping any major upside move.
🔁 Market Déjà Vu: Price Action Mirrors Early 2025 From a technical perspective, XRP is behaving almost exactly as it did earlier this year. Daily candles show only minor moves, and the overall market structure remains unchanged. This doesn't signal any major bullish breakout – at least not yet.
⛓ Altcoins in the Shadow: No Altseason in Sight Yet Bitcoin’s dominance chart reveals BTC still holding above the 60.5%–61% level, which continues to suppress altcoins' independent growth. As long as this dominance remains intact, altcoins like XRP may continue to follow Bitcoin’s moves without seeing major gains of their own.
However, a drop in BTC dominance could ignite the long-awaited altseason – and XRP could be one of the first tokens to benefit.
#xrp , #Ripple , #Altcoin , #XRPCommunity , #CryptoAnalysis
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