$XRP Pulls Back After $3.03 Peak â Rally Cooling Down or Just a #Dip ?
đž Current Price: 2.9000
đ 24h Change: -1.77%
đ 24h High: 3.0350 | đ 24h Low: 2.8038
đ 24h Volume: 360.66M (XRP), 1.05B (USDT)
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đ Technical Analysis (Chart Insight)
đ Massive Rally: XRP has surged from 2.06 to over 3.03 â over 40% gain in under two weeks. This explosive move followed multiple bullish candles and momentum breakouts.
đ Resistance Hit: Price touched 3.0350, a psychological and technical resistance zone. First signs of rejection now visible with red candle forming post-top.
đ AVL Key Zone: Support now sitting near 2.8727 (AVL line) â crucial zone to watch. Holding above this could maintain bullish structure.
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đ° Whatâs Fueling XRP?
â Legal Momentum: Recent optimism around Rippleâs ongoing SEC legal case has re-energized investors. Speculation of a favorable settlement continues to build.
â Altcoin Rotation: Traders are rotating from exhausted high-cap coins into mid-cap movers â XRP among top picks.
â Strong Yearly Performance: XRP is already up +444.61% YoY, placing it among the top large-cap performers of the year.
â Community Activity Up: On-chain activity and wallet engagement on XRP Ledger have been rising â adding organic strength.
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đź What Could Happen Next? (Not Financial Advice)
đ If 2.87â2.90 holds as support, XRP could quickly bounce toward retesting 3.03 and potentially break higher toward 3.15â3.20 zone.
đ But a clean break below 2.87 could spark a correction down toward 2.65â2.44 area before finding next consolidation base.
đ Candle Closes and BTC movement will play key role in short-term outcome.
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â ïž Final Thoughts:
XRP just hit a major local high and now enters a healthy cooling phase. If the broader market stays stable and Ripple delivers positive news, XRP could lead the next breakout wave.
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