XRP continues to face pressure amid global volatility. Analysts discuss key support and resistance levels.
Corrective Wave of XRP
Market analyst Charting Guy presented a chart indicating that XRP's recent increase from $2.72 to $3.38 was a corrective B wave rather than the beginning of a new trend. He suggested it could be part of a larger ABC correction. According to him, "The August bounce was a 3-wave corrective move, unlike other 5-wave impulsive moves." XRP may revisit its August lows as part of a C wave before any potential recovery.
Resistance at $3.30
Crypto analyst Ali Martinez noted that XRP must reclaim the $3.30 level to avoid deeper declines. Otherwise, failing to move past this level could expose XRP to a drop towards $2.60 or even $2.00. He also marked $2.81 as another crucial support level, warning that losing it would harm XRP's bullish market structure. According to Martinez, "XRP needs to stay above $2.81 to maintain the bull market setup."
Short-Term Outlook for XRP
XRP remains under pressure amid broader market weakness and global uncertainty. With political meetings involving European leaders and Donald Trump approaching, traders expect further volatility in the coming days. Until XRP breaks above $3.30 or below $2.55, the price is likely to trade within a wide range.
The XRP market remains in uncertainty, and future price movements will depend on both technical signals and geopolitical events.
