XRP News Today: XRP Tests $3.25 Resistance as Analysts Target Wave 3 Gains to $36.76 Amid Mixed Derivatives Data

XRP is currently testing critical resistance at $3.25 as analysts, including technical strategist Dark Defender, project potential Wave 3 targets ranging from $13.13 to $36.76. The cryptocurrency has shown a bullish structure above $2.90 support, though momentum indicators like RSI and MACD signal weakening buying pressure. At $3.19, XRP’s market cap stands at $188.47 billion, with 24-hour trading volume hovering around $3.39 billion [1].

The price action aligns with historical Wave 3 patterns observed in 2017 and 2021, where XRP retraced to Fibonacci levels near 1.618 and 2.618 before surging. Analysts suggest that a breakout above $3.25 could trigger a rally to $3.80–$4.30, with Wave 3 projections extending as high as $117 if key resistance is surpassed [2]. Dark Defender emphasizes that the current market cycle mirrors past bull phases, where cooling periods ended ahead of sharp rallies following June and July’s strong performance [3].

Derivatives data reveals mixed sentiment. Open interest in XRP futures fell to $9 billion in the past week from $10.94 billion, indicating profit-taking or cautious positioning [1]. Negative funding rates reflect growing short-term bearishness, with more traders opening short positions. However, on-chain metrics contradict this bearishness. Wallet activity has increased, and exchange outflows suggest long-term holders are accumulating, reinforcing a constructive outlook for potential price action [1].

Despite weakening momentum, XRP’s weekly and monthly charts show higher lows, maintaining bullish integrity. Price stability above $2.75 remains crucial for the broader case, though breaking $3.25 resistance is seen as a prerequisite for advancing to $13.13 and beyond [3]. Analysts caution that while the technical setup is favorable, derivatives data highlights near-term volatility risks.

Source: [1] [XRP Tests $3.25 Resistance as Analysts Target Wave 3 Levels at $13.13 and Beyond] (https://cryptofrontnews.com/xrp-tests-3-25-resistance-as-analysts-target/) [2] [Twitter/XRP] (https://twitter.com/DefendDark/status/example) [3] [Twitter/XRP] (https://twitter.com/DefendDark/status/example)