XRP Price Eyes Rebound after $3 retest
After a sudden fix last week, XRP adjusted to test a major support level of $3.00, where temporary stability was found. To date, the token has been slightly backed up and traded nearly $3.20, indicating early signs of strength.
XRP/USD 4 -Hours Chart -TradingView
On the four-hour chart, XRP is trying to gain momentum after recovering 21 EMA and falling below the short-term moving average. The RSI is located at 47.89, suggesting a neutral region with potential upwards. If the XRP continues to hold over $3, the Bulls could see them return aggressively.
Here is the XRP price chart
Bullish scenario: Will XRP prices push towards over $3.50?
The chart structure suggests that the modifications may be completed. If the current momentum is retained and XRP is able to break past the $3.50 resistance zone, the next logical target will be the previous high of $3.61. The breakout mentioned above, which could open the door even further upwards, especially if Bitcoin regains its strength.
EMA retrieval, stable RSI, and lower sales pressure from large holders refer to potentially bullish short-term moves.
Bearish scenario: The dangers of XRP coins when bitcoin slips
However, Bitcoin’s price stability has many hinges. If $BTC drops again, $XRP will lose $3 support and may slide to its next major support level: $2.80. Under that, $2.50 and $2.20 serve as strong demand zones, but their low movements confirm a deeper fix.
Related: MicroStrategy Bitcoin & XRP Whale Dump News
BTC/USD 4 -Hours Chart -TradingView
Last week we already saw the co-founder of Ripple dump $140 million worth of XRP. This is the move that led to an 11% crash on tokens. If the fear returns, you can test those same levels again.
XRP Price Prediction: XRP at intersections
The $3 bounce on XRP is encouraging, but still requires caution. As long as Bitcoin remains unstable, the next big move in XRP could go either way. The Bulls need to regain $3.50 to maintain control. Meanwhile, the Bears are monitoring failures below $3 as short signals.
Read the complete XRP prediction and target
