XRP struggles to break above $3 as bearish divergences raise caution, leaving traders closely watching key support levels for the next potential move in the crypto market.
The cryptocurrency’s current XRP price today sits at $2.89, reflecting minor gains over the past 24 hours. While the upward momentum from critical support levels offers some optimism, technical indicators suggest that the path to a sustainable breakout remains challenging. Analysts emphasize that holding support zones around $2.79 and $2.58 is essential before any decisive move above the psychological $3 resistance can occur.
Technical Levels and Key Supports
For XRP traders, the most immediate support lies at $2.79, aligning with the 0.5 Fibonacci retracement of recent price swings. This level has been tested multiple times in the past week and could provide a rebound point if selling pressure intensifies. Analysts emphasize that holding above this level is critical for preserving bullish momentum.
XRP was trading at around $2.88, up 1.10% in the last 24 hours at press time. Source: XRP price via Brave New Coin
The more significant support zone sits at $2.58, corresponding to the 0.618 Fibonacci retracement. A break below this point could invalidate the current bullish market structure and signal deeper downside risk. Maintaining these supports is vital for XRP’s macro outlook. Traders are advised to monitor price action closely at these levels, as they often indicate whether the market is ready for a renewed push toward higher targets or a prolonged consolidation phase.
Bearish Divergence and Price Action
Market analyst CasiTrades has noted that XRP is showing bearish divergences on the 4-hour RSI chart. This suggests that despite minor upward moves, the underlying momentum is weakening. In technical terms, the price is forming an ABC correction rather than a 5-wave impulsive rally, indicating that the current rebound may lack the strength needed for a sustainable breakout.
XRP faces bearish divergences and key support tests at $2.79 and $2.58, with a decisive break above $3 needed to confirm a sustainable bullish trend. Source: CasiTrades via X
Such divergences often signal caution for traders, as rallies under these conditions tend to face rejection near resistance levels. In XRP’s case, failure to hold the $2.79 support could push the price toward the critical $2.58 zone, forcing analysts to reset bullish wave counts and reevaluate short-term projections. The combination of bearish divergences and resistance pressure emphasizes the importance of a patient, data-driven approach to trading XRP in the current market environment.
Bullish Scenario: What Traders Are Watching
Despite the prevailing caution, a successful defense of $2.79 support followed by a clean breakout above $3.00 could set the stage for a significant bullish move. Analysts suggest that if this scenario materializes, Fibonacci extension levels point to potential targets at $3.25 and $4.00. Achieving this would indicate the start of a new Wave 3 rally, attracting both institutional and retail interest.
XRP is consolidating near critical support, with consecutive lower highs suggesting a potential breakdown toward key Fibonacci and VWAP levels before any possible reversal. Source: The_Alchemist_Trader on TradingView
Additional bullish catalysts include recent developments in the XRP ecosystem. The debut of the Rex-Osprey XRP ETF and ongoing enhancements to the XRP Ledger have raised optimism among investors. Regulatory clarity, including the resolution of the SEC lawsuit, also adds confidence that XRP can operate in a more secure environment, potentially driving future price growth. However, all bullish projections depend on XRP maintaining key support zones and overcoming resistance hurdles.
Final Thoughts
XRP’s current market setup underscores a delicate balance between cautious trading and potential upside. Bears are closely eyeing the $2.58 support, while a breakout above $3.00 remains the crucial trigger for renewed bullish momentum. Traders should monitor these key levels and watch for shifts in market sentiment, as the presence of bearish divergences may delay or complicate a breakout.
In summary, XRP price today reflects a market in consolidation, where lower supports are being tested and upside potential remains contingent on decisive price action. Investors and traders are advised to stay informed, manage risk carefully, and observe how XRP interacts with these technical levels before committing to significant positions.
