XRP News Today: XRP Holds $2.81 Support Amid Bullish Accumulation and Upward Push Toward $3.30

Ripple’s XRP is currently facing a crucial test at the $2.81 support level, which analysts consider vital for maintaining its ongoing bullish momentum [1]. A prominent cryptocurrency analyst with over 150,000 followers on X has highlighted this level as a key psychological and structural marker, noting that 1.70 million XRP tokens were accumulated at this point—valued at over $5 billion at current prices [1]. Such accumulation zones often act as significant support levels due to the behavioral tendencies of investors, who are prone to panic when positions shift from profit to loss or vice versa [1].

XRP recently tested this support level at the start of the month amid a broader market downturn triggered by geopolitical developments, including tensions on the trade war front and the movement of U.S. nuclear submarines [1]. Despite these challenges, the bulls successfully defended the level, allowing the price to rebound and continue its upward trajectory. The token has since advanced toward the $3.30 resistance, a level it has yet to surpass [1].

In addition to the support at $2.81, analysts have identified $3.26 as a critical resistance level. A successful break above this threshold could lead to a new all-time high of $3.90, according to market observers [1]. The continued accumulation by large holders—often referred to as “whales”—also supports a bullish outlook. Following a $1 billion purchase of XRP last week, another 120 million tokens were added just days later, signaling confidence in the token’s future [1].

The broader market context adds complexity to XRP’s price action. Similar support and resistance levels are being closely watched for major cryptocurrencies like Bitcoin and Ethereum [2]. A shift in sentiment or price action in those leading assets could influence the flow of capital and investor sentiment toward XRP and other altcoins [2]. Analysts have also noted that structural factors such as the adoption of X Layer, the token’s unique gas model, and ongoing buy-backs and burns could provide XRP with a competitive edge in the current market environment [3].

While the technical indicators and on-chain activity suggest a favorable near-term outlook, the risks remain. A failure to hold above $2.81 could trigger further selling pressure, especially if macroeconomic conditions worsen or investor risk appetite declines [4]. This would represent a significant shift in momentum and could signal a broader bearish phase for XRP and the broader crypto market [4].

The next few weeks will be critical in determining whether XRP can maintain its bullish momentum. A decisive move above the key support level would affirm bullish control, while a sustained drop below could invite further bearish pressure [5]. Traders and investors are closely monitoring price action for confirmation of the asset’s direction, with the next few weeks expected to play a defining role in XRP’s market positioning [5].

Source:

[1] https://coinmarketcap.com/community/articles/68a15f7268c9d7798de747f5/

[2] https://coincentral.com/bitcoin-ethereum-show-decline-rblk-rises-as-investor-confidence-grows/

[3] https://www.bitget.com/price/xrp-2.0/price-prediction

[4] https://thecurrencyanalytics.com/altcoins/dogecoin-price-aims-to-dodge-bears-as-a-bullish-trio-surfaces-190868

[5] https://cfgi.io/stellar-fear-greed-index/