- XRP has completed a move into the $3.30–$3.45 resistance zone, triggering a technical pullback confirmed by bearish Parabolic SAR signals.
- Analysts expect a drop toward the $3.07–$3.10 green support zone, previously a strong demand area for bullish price reactions.
- A bounce from $3.07 may lead to a retest of $3.45, with possible continuation if buyers regain strength and momentum builds upward.
XRP price has completed its move into a major resistance zone and now shows signs of retracing toward a previous support area around $3.07. Traders are watching closely for a potential bounce that may trigger the next bullish leg.
Resistance Zone Holds as Sellers Regain Control
In the 4-hour XRP/USDT chart above, the price recently leaped into the red-marked area of resistance between $3.30 and $3.45. This area prompted strong selling pressure, halting the upward movement. The move completed a textbook push into resistance, aligning with technical expectations.
Parabolic SAR dots have now shifted above the price, indicating bearish momentum is active in the short term. This setup is often associated with pullbacks, offering traders a window to assess the market for reentry opportunities.
Support Retest Expected Around $3.07
In a recent chart analysis tweet by crypto analyst Cryptoes, who noted that XRP is now likely to drop into the green support zone around $3.07. This region acted as a strong demand area in the past and is anticipated to attract buyers once again.
The pullback into the green box, which has been projected, could be one good retracement that should provide an opportunity to buy in. A response to this extent may validate the presence of the overall positive trend, particularly in the case that buyers take control and further propel the price up.
Will XRP Bounce from $3.07 and Resume Its Uptrend?
The visual chart shared by Cryptoes includes directional arrows pointing to a possible bounce from the $3.07–$3.10 zone. Should XRP hold this support level and generate a decisive upward reaction, it could challenge the $3.45 resistance once again.
A breakout above the resistance zone would open up the way toward subsequent gains. However, without buyer strength at $3.07, the bullish scenario may weaken. As of writing, XRP was at $3.16, with a 24-hour volume exceeding $6.3 billion. Over the past week, it has declined by 8.79%, reflecting current corrective behavior in price action.
