- XRP is battling strong resistance at $3.10 after a solid rally.
- Failure to break higher could lead to a correction toward $2.950 or $2.920, though a rebound is still possible if buyers defend key levels.
XRP recently made a strong push above the $3.00 mark, outperforming both Bitcoin and Ethereum in the short term. However, the bullish trend may be running out of fuel as the price now stalls near the $3.10 resistance zone, hinting at a potential correction if buyers fail to break higher.
Bulls Pause at Key Resistance
XRP surged past the $2.820 and $2.950 resistance levels, eventually climbing above $3.00 and hitting a high of $3.106. This rally was supported by the 100-hourly Simple Moving Average, suggesting short-term bullish control.
However, a critical development has emerged — the price broke below a bullish trend line with support at $3.065, raising concerns of weakening momentum. Although XRP is still trading above the $2.980 mark and the 100-hourly SMA, the failed attempt to hold above $3.10 could invite sellers back into the market.
What’s Next for XRP?
The immediate hurdle for XRP is the $3.10 resistance. A successful push above this could open the path toward $3.120 and possibly $3.150. If bulls gain enough strength, the price could even test $3.20 or $3.25 in the near term.
But if the price gets rejected at $3.10 again, a correction could follow. The first support lies at $3.00, followed by $2.950. A break below $2.950 might trigger a deeper pullback toward $2.920, which aligns with the 50% Fib retracement level of the recent upswing from $2.730 to $3.106. If that fails to hold, $2.880 would be the next zone to watch where bulls may try to regain control.
Indicators Flash Caution
The hourly MACD is losing steam in the bullish zone, while the RSI remains above 50, offering mixed signals. This divergence suggests that while bulls are not entirely out of the game, their grip is weakening.
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