XRP Price Prediction: XRP Pulls Back After Rally—Is the $3.50 Target Still in Play?
The post XRP Price Prediction: XRP Pulls Back After Rally—Is the $3.50 Target Still in Play? appeared on BitcoinEthereumNews.com. XRP price retreats after touching resistance near $3.10, raising questions about whether the bullish momentum can resume toward the $3.50 target. After a strong rally early in the week, XRP seems to have lost pace. XRP’s current price is stuck at about $2.93, registering a 3.5% decline over the last 24 hours. While the correction is modest, analysts and traders are closely watching the follow-through move—especially given that Ripple (XRP) continues to contend with both technical resistance as well as shifting market sentiment. Technical Breakdown: XRP Struggles at $3.10 Following its brief breakout above $3.10, XRP was not able to maintain its position and dropped lower. A very crucial bullish trend line was broken at $3.060 on the hourly chart, again supplying bearish pressure. The data from TradingView indicate that XRP is presently below the 100-hour simple moving average (SMA), which means short-term momentum has flipped negative. XRP trades near $2.93 with bearish signals pointing to a potential drop toward $2.72 unless the $3 resistance is broken. Source: FenzoFxBroker on TradingView The correction has brought the price near to the 50% Fibonacci retracement level of the $2.73 to $3.106 rally, and the nearest support is forming at $2.92. Another correction could push XRP prices down to $2.88 or even $2.75 if bearish volume is accelerated. The hourly RSI for XRP/USD is now less than 50, and the MACD is moving towards the bearish territory—indicating possible short-term downward pressure. Volume Increases During Pullback—Profit-Taking or Repositioning? Despite the price pullback, trading volume is higher than 4.4%, reaching $5.79 billion. This volume-price disconnection is common during instances of profit-taking or redistribution by institutional or swing traders. Over the last 7 days, XRP today is still 5.38% higher, showing the strength behind it. Its market cap is now at around $175 billion, solidifying its…
The post XRP Price Prediction: XRP Pulls Back After Rally—Is the $3.50 Target Still in Play? appeared on BitcoinEthereumNews.com.
XRP price retreats after touching resistance near $3.10, raising questions about whether the bullish momentum can resume toward the $3.50 target. After a strong rally early in the week, XRP seems to have lost pace. XRP’s current price is stuck at about $2.93, registering a 3.5% decline over the last 24 hours. While the correction is modest, analysts and traders are closely watching the follow-through move—especially given that Ripple (XRP) continues to contend with both technical resistance as well as shifting market sentiment. Technical Breakdown: XRP Struggles at $3.10 Following its brief breakout above $3.10, XRP was not able to maintain its position and dropped lower. A very crucial bullish trend line was broken at $3.060 on the hourly chart, again supplying bearish pressure. The data from TradingView indicate that XRP is presently below the 100-hour simple moving average (SMA), which means short-term momentum has flipped negative. XRP trades near $2.93 with bearish signals pointing to a potential drop toward $2.72 unless the $3 resistance is broken. Source: FenzoFxBroker on TradingView The correction has brought the price near to the 50% Fibonacci retracement level of the $2.73 to $3.106 rally, and the nearest support is forming at $2.92. Another correction could push XRP prices down to $2.88 or even $2.75 if bearish volume is accelerated. The hourly RSI for XRP/USD is now less than 50, and the MACD is moving towards the bearish territory—indicating possible short-term downward pressure. Volume Increases During Pullback—Profit-Taking or Repositioning? Despite the price pullback, trading volume is higher than 4.4%, reaching $5.79 billion. This volume-price disconnection is common during instances of profit-taking or redistribution by institutional or swing traders. Over the last 7 days, XRP today is still 5.38% higher, showing the strength behind it. Its market cap is now at around $175 billion, solidifying its…
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