XRP price is currently trying to bounce back and hit the important $3 level once again. Trading at $2.83, XRP is down by more than 1% in the last 24 hours. The majority of the top ten cryptocurrencies have slipped into the red zone. Bitcoin and Ethereum are both down more than 2%. Here’s what’s next for XRP price:
Support Holding, But Momentum Weak
The price has been holding above the $2.74 support zone, a level that has proven important several times over the past weeks. While buyers have managed to defend this floor, momentum remains weak. XRP continues to print lower highs and lower lows, a classic sign of caution in the market.
If the token loses this support decisively, the focus will likely shift to the next major zones between $2.46 and $2.21. These levels could serve as the last line of defense before deeper losses.
Resistance Levels in Focus
On the upside, XRP faces stiff resistance. The first meaningful barrier sits at $3.10, where a break above could be an early signal of recovery. Beyond that, the $3.40 level stands out as a critical test. Clearing this zone could open the door for a move towards $3.80 and eventually the $4.40 to $5.00 range.
For now, bulls have not shown the strength needed to overcome these hurdles. The most recent bounce from the early September low has been too weak to confirm a lasting turnaround.
Market Structure Still Unclear
The overall structure of the chart suggests XRP is still trapped in a correction that began in July. The analyst said that without a stronger push above resistance, the risk of revisiting lower levels remains high.
As long as XRP stays above $2.74, the reward-to-risk profile favors those betting on a bounce. But if that floor gives way, the bearish scenario comes back into play.