XRP is continuing to recover after a recent correction, testing the support level at $3. This analysis focuses on the current market situation for XRP and potential scenarios for its movement.
Current Situation of XRP
After a sharp correction last week, XRP adjusted down to test the key $3.00 support level, where the token found temporary stability. Currently, the token has slightly increased and is trading near $3.20, signaling early signs of strength.
Bullish Scenario for XRP
The chart structure suggests the correction may be complete. If the current momentum holds and XRP manages to break back above the $3.50 resistance zone, the next logical target becomes the previous high of $3.61. A breakout above that could open the door for further upside, especially if Bitcoin also regains strength.
Bearish Risks for XRP
However, much hinges on Bitcoin's price stability. If BTC drops again, XRP could lose its $3 support and slide toward $2.80, the next key support level. Below that, $2.50 and $2.20 act as strong demand zones—but a move that low would confirm a much deeper correction.
XRP's bounce off $3 is encouraging—but caution is still warranted. As long as Bitcoin remains volatile, XRP's next big move could go either way. Bulls need to reclaim $3.50 to stay in control, while bears will be watching for a failure below $3 as a short signal.
