XRP News Today: XRP Retraces 7.14% to Test $2.80 Key Support Level

XRP has entered a corrective phase following a strong upward move, currently testing critical support at $2.80. The token has pulled back 7.14% from its recent local high, marking a natural retracement within a broader bullish trend. Analysts are closely watching the $2.80 level, which coincides with the 0.618 Fibonacci retracement, a previous value area high, and high-timeframe structural support. A successful defense of this level could signal a continuation of the bullish momentum, potentially leading to a fresh breakout toward new highs [1].

The $2.80 support zone is seen as a key area for a potential reversal and higher low formation. If bulls can maintain control above this level, it would reinforce the ongoing bullish market structure. Confirming this would require multiple candle closes above $2.80 and an increase in bullish trading volume, which would indicate renewed demand in the market [1]. On the other hand, a breakdown below this level would shift attention to the next major support level, the point of control, where another reversal attempt may occur [1].

Technical analysis from TradingView suggests that a confirmed four-hour candle close above $2.65, supported by rising volume, could propel XRP toward key resistance levels at $2.72, $2.84, and potentially as high as $3.35 [3]. This scenario underscores the importance of candlestick patterns and volume in validating bullish signals. However, the broader market remains sensitive to macroeconomic developments, with recent movements in other major cryptocurrencies, such as Ethereum, reflecting similar dynamics at key support levels [5].

The current price action for XRP is consistent with broader trends in the crypto market, where short-term corrections are often followed by renewed bullish momentum if key levels are not breached. The $2.80 level is not only a technical confluence point but also a psychological threshold, making it a critical focus for traders and investors. Signs of bearish divergence or bullish reversal patterns are being closely monitored to gauge the market’s direction [1].

FXStreet has provided ongoing updates and analysis of XRP’s price movement, emphasizing the role of technical indicators in shaping investor sentiment. While the market remains volatile, the overall price structure suggests that XRP is in a consolidation phase ahead of a potential breakout [4]. Investors are advised to remain cautious, particularly in the face of broader market uncertainties. The coming price action will be crucial in determining XRP’s near-term trajectory and whether it can sustain a bullish trend [1].

Source:

[1] XRP crypto news: token retraces from highs, $2.80 support ... https://crypto.news/xrp-crypto-news-token-retraces-from-highs-2-80-support-could-trigger-fresh-breakout/

[3] Page 14 | XRP Token / Tether USD on BSC ... https://www.tradingview.com/symbols/XRPUSDT_0ADAF1.USD/ideas//page-14/

[4] Ripple (XRP) News, Analysis and Forecast https://www.fxstreet.com/cryptocurrencies/ripple

[5] Ethereum Price Forecast: ETH dips below ... https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-eth-dips-below-3-700-as-trumps-new-tariffs-raise-market-concerns-202508011300