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The price of XRP has been on a strong upward trend recently, but it’s now facing some tough resistance around the $2.90 mark. On the daily chart, XRP has been rising steadily, and according to an analyst, if the price can close above $3, it could quickly climb toward its all-time high near $3.40.
For now, however, the $2.80 to $3.00 range is acting as a major hurdle. This zone has historically been a strong resistance area, both from past price action and key Fibonacci levels. Until XRP breaks through this, the price may continue to struggle around these levels.
On the downside, if XRP sees a pullback, experts are watching the $2.55 to $2.62 range as a possible support zone. This area was a resistance level earlier and could now act as a new support if the market cools down.
Looking at the shorter time frames, especially the 4-hour chart, XRP recently became overbought after a sharp rally over the last few days. The RSI indicator had reached high levels, signaling the market had moved up too fast in a short period. As a result, a small correction or sideways movement was expected, and that’s what has started happening.
This cooldown is seen as healthy for the market, helping to reset indicators before possibly continuing its bullish trend. Overall, while the short-term action might be a bit quiet, the larger trend for XRP remains positive as long as it stays above key support levels.
