XRP News Today: XRP Bounces From $2.8 Support, Tests Key $3.6 Resistance

Ripple’s XRP has tested a key $3.6 resistance level after experiencing a sharp rebound from the $2.8 support zone, which aligns with the 0.5 Fibonacci retracement level of prior gains. This recent recovery places the token in a critical position that could determine its near-term trajectory toward the psychologically significant $4 level. As of the latest assessment, XRP trades around $3.20, reflecting renewed investor interest following the rebound [1].

Technical analysis highlights several bullish signals embedded in XRP’s price action. A well-defined flag formation appears on shorter timeframes, indicating a potential continuation of the upward trend that preceded the consolidation phase. The support at $2.8 has attracted strong buying pressure, which analysts suggest is indicative of a reversal pattern forming [1]. Momentum metrics and volume trends further reinforce the notion that both institutional and retail participants are actively engaged in the market. However, the concentration of supply at the $3.6 level introduces uncertainty, as it represents a prior swing high where significant selling pressure was previously observed [1].

On the four-hour chart, XRP has demonstrated a structured bullish narrative. After consolidating within the flag pattern, the token broke out decisively higher, pushing toward the $3.6 resistance threshold. Bears have since regrouped at this level, prompting a pullback toward $3.20 and setting the stage for a critical retest [1]. Market participants are closely monitoring whether buyers can generate the volume necessary to overcome the supply congestion at $3.6. A confirmed breakout could lead to a short-squeeze scenario, where forced covering of bearish positions accelerates upward movement toward $4 [1].

Key technical concepts underpinning the analysis include Fibonacci retracements, flag patterns, and volume dynamics. Fibonacci levels are derived from the Fibonacci sequence and are widely used to identify potential reversal points based on historical price swings. A bullish flag pattern, characterized by a period of consolidation after a sharp price move, often signals a continuation of the prior trend. Volume analysis helps confirm the strength of price movements by measuring the intensity of buying and selling activity [1].

The outcome of XRP’s current price test will likely shape its near-term direction. If buyers manage to push above $3.6 with strong volume confirmation, the $4 level becomes the next psychological target. This round-number level typically attracts both profit-taking and fresh buying interest from market participants. However, repeated failures to break through the resistance may result in a period of consolidation or a minor pullback before further advances can be expected [1].

The situation highlights the importance of supply and demand dynamics at key price levels. The $3.6 resistance, having acted as both support and resistance in previous cycles, remains a crucial decision point for traders. A sustained breakout would not only validate the bullish case but also signal growing confidence in XRP’s potential to reclaim lost ground. Conversely, a failure to sustain above this level may lead to renewed caution and a return to range-bound trading until fresh momentum emerges [1].

Source: [1] XRP Tests $3.6 Level After Sharp Rebound From Support Zone (https://coinmarketcap.com/community/articles/689b5b9cb50d914bd96d212c/)