- XRP price dropped 6.27% this week after hitting $3.33, now stabilizing near $2.97 with $2.94 acting as key support.
- A break above $3.05 could push XRP price toward $3.33 and $3.65, reclaiming bullish momentum.
- XRP price must hold above $2.75 to maintain its broader uptrend amid weak spot inflows and rising volatility.
XRP price is once again struggling to hold above $3 after facing a sharp rejection from higher levels. The token saw a -6.57% drop following a failed attempt to break $3.50. Bulls now focus on defending key short-term levels as momentum slows.
XRP Price Action Holds Near $2.90 After Failed Breakout
XRP is the third-largest cryptocurrency by market capitalisation, is trading near the $3 mark after a turbulent week. According to CoinMarketCap data, XRP price is up 1.77% in the last 24 hours, now priced at $2.97.
Despite the recovery, it has dropped 6.27% over the past seven days, dipping as low as $2.89 after hitting a high of $3.33 on July 28.
A technical breakdown of the 3-day chart shows a recent breakout above the $2.75 resistance zone, followed by a rejection near $3.50.
XRP price is currently retesting the $2.92 level, a minor support that could determine the short-term trend. If XRP price fails to hold above this, the next key support lies in the $2.55–$2.40 range.
Source: Ali Chart/X
According to analyst Ali Chart, that range could act as a strong demand zone if bearish momentum builds. Holding above $2.75 keeps the broader uptrend intact, but momentum has weakened notably.
In the short term, buyers will need to push above $3.05 to regain bullish control. Otherwise, the risk of a breakdown increases, especially with continued market volatility and weak spot inflows.
What’s next?
XRP Price is showing resilience after holding the $2.94 support during early Saturday trading. Aggressive dip-buying pushed the price to an intraday high of $3.01, suggesting bulls are still active. However, near-term resistance between $3.02 and $3.05 remains a key hurdle. Without increased spot inflows, a rejection could follow.
If XRP price breaks above $3.05, it could target $3.33 and $3.65, previous highs that would strengthen the bullish outlook especially with strong volume. A close above $3.05 would confirm upward momentum and shift short-term sentiment.
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