🚀 $XRP Bounces Back – But Can Bulls Overcome Mounting Resistance? 🔥
XRP has recently shown strong resilience, bouncing back to reclaim the crucial $3.00 support level after a minor dip. Bulls are trying to take control, but the path ahead is challenging as mounting resistance stands in the way. ⚡
Currently trading at $3.01, XRP faces critical resistance between $3.08 – $3.10. A decisive breakout above this zone could open the door for higher targets around $3.30 – $3.50, while failure to break this resistance might push prices back toward $2.85.
Key Points to Watch:
💪 Support & Resistance: $3.00 is holding strong, but bulls need to overcome $3.10 to maintain momentum.
🐋 Whale Activity: Large holders are slightly reducing positions, adding selling pressure.
📉 Network Activity: Daily active addresses show minor decline, indicating lower liquidity.
🔮 Analyst Insights: Optimistic projections range from $3.96 – $4.24 if bullish trend continues.
In short, XRP’s near-term direction depends on whether bulls can break through resistance. Keep a close eye on support, resistance, and market sentiment before making any trading decisions. 💹
