XRP News Today: XRP Trapped Between $2.81 Support and $3.22 Resistance Amid Market Indecision

XRP remains in a tight trading range, with $2.81 acting as a key support level and $3.22 forming a significant resistance barrier. As of the latest analysis, XRP is trading at $3.12, showing a minimal 0.12% increase over the past 24 hours but a 2.34% decline on a weekly basis. The token has been fluctuating within a defined price corridor between these two critical levels, reflecting ongoing investor caution and market indecision [1].

According to a recent analysis by Ali (@ali_charts), $2.81 is a crucial support level where nearly 1.70 million XRP tokens were accumulated. This large accumulation suggests strong investor positioning at this price, as holders are likely to resist selling below their entry costs. The XRP Cost Basis Distribution Heatmap highlights this area with brighter color intensity, indicating a dense supply concentration and a potential zone for renewed buying interest if XRP retests this level [1].

On the other side, resistance has formed at $3.22, where 1.08 million tokens cluster. This price level has repeatedly been approached by XRP without a sustained break above it, indicating that sellers are actively defending this area, likely seeking to exit at breakeven. The overhead supply has consistently limited upward movement, resulting in consolidations and stalled rallies [1].

The ongoing price action reflects a tug-of-war between buyers at the $2.81 support and sellers at the $3.22 resistance. Investors are closely monitoring whether XRP will either hold this support level or manage to break through the resistance with sufficient volume. A successful breakout above $3.22 could pave the way for further gains, while a breakdown below $2.81 could trigger renewed selling pressure [1].

The heatmap also offers insight into investor psychology. The accumulation near $2.81 demonstrates a reluctance to sell at a loss, while the cluster near $3.22 suggests an intention to exit positions at breakeven. These dynamics create a balanced but tense market environment, with both sides testing their strength within the defined range [1].

Given the current price of $3.12, XRP remains in a critical phase, with the next major directional move likely to depend on whether it can maintain support or overcome resistance. Market participants are closely watching these key levels, as they could determine the immediate trajectory of the asset [1].

Source: [1] XRP Price Analysis: $2.81 Emerges as Key Support While Resistance Builds at $3.22 (https://coinmarketcap.com/community/articles/68a27c311ef5bf7de6c061d7/)