Analysis of the current state of XRP reveals that short-term price fluctuations may not indicate sustained strength. This article examines recent price movements and potential future scenarios.
Short-Term Fluctuations vs Long-Term Trends
XRP's price action is sending mixed signals. While short-term gains have appeared, the bigger picture on the weekly chart still leans towards weakness in the coming months. On the weekly timeframe, XRP has a confirmed bearish divergence, a technical sign that momentum is slowing, indicating a possible pullback ahead.
Daily Chart Shows Temporary Strength
Looking at the daily chart, XRP has enjoyed a strong bounce over the past week. However, this appears to be a short-lived rally within a larger bearish price structure. The setup is similar to what happened earlier this year when XRP saw sharp increases but ultimately trended lower.
Support and Resistance Levels
XRP is currently testing important support in the $3.10 to $3.15 range. If this level fails, the next support lies near $2.90 to $3.00. A daily close below $2.90 could pave the way for a deeper drop toward $2.75. On the upside, XRP continues to face tough resistance around $3.35 to $3.40, which has repeatedly pushed the price back.
While XRP can still produce short-term rallies, the larger trend remains shaky. Without a decisive break above key resistance, the risk of further downside persists. The current support at $3.10 will be crucial for determining the coin’s next significant move.
