- XRP is testing a bearish supply zone near $2.90
- A rejection could send XRP down to the $2.50–$2.60 range
- Traders should watch price action around current resistance
XRP is facing a critical moment as it tests a major resistance zone between $2.80 and $2.90. This area, identified as a supply zone or bearish Fair Value Gap (FVG) on the 4-hour chart, has historically acted as a barrier for upward movement. Traders are keeping a close eye on whether XRP can push through—or get rejected, setting the stage for a deeper correction.
The price action at this level could be pivotal. If XRP fails to break this resistance, it’s likely to retreat toward the $2.50–$2.60 support zone. This level has previously held as a strong base, making it the next key area for bulls to defend.
Bearish Pressure Could Trigger a Drop to $2.50
The technical pattern forming on XRP’s 4-hour chart signals increased selling pressure. The supply zone between $2.80 and $2.90 is aligned with previous resistance points, where large volumes of sellers typically emerge. If XRP is rejected again at this level, a quick move down toward the $2.50 region is expected.
This bearish setup is not uncommon in volatile markets like crypto. While the overall market sentiment can shift quickly, traders should look for confirmation signals before making short or long entries. A strong bearish candle or increasing volume at resistance could be a telltale sign of an upcoming drop.
What to Watch Next
The $2.80–$2.90 range will likely determine XRP’s short-term direction. A clean breakout above this level, backed by volume, could invalidate the bearish thesis. However, if rejection occurs, XRP could revisit the $2.50 support, offering potential buy opportunities for patient traders.
Monitoring the next few candles and volume dynamics will be crucial in anticipating XRP’s move. Stay alert and manage your risk accordingly.
Read Also :
- Coinhub Funded Goes Live: Crypto Prop Firm Offers Funded Trading Accounts Up to $200K & 30-Minute Tournaments
- Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.06 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.5 Billion
- Bitcoin $76K Support Holds as Binance Loses $3.64B
- HSBC RedCoin Stablecoin Attracts 50,000 Users in a Week
- Crypto Fear and Greed Index Drops to 30 After Binance Hack
