Crypto XRP: Break Above $3 Or Fall Back To $2?
XRP at a Crossroads: Surge Or Collapse?
XRP, the cryptocurrency closely tied to Ripple, is stirring heated debate in the market. After dropping 6.4% as inflation data dimmed hopes for major rate cuts, XRP fell back to the $3 zone—a level seen as a key “battle line” for the community.
On prediction platforms, most traders still lean toward the bullish case, with around 64% believing XRP could climb to $4, while 36% see the risk of a drop back to $2.
What Do Technical Indicators Reveal?
On the charts, XRP recently touched an all-time high of $3.65 and is now consolidating around $3. This places both the “moon” and “doom” scenarios about 33% away from current price levels.
The RSI currently sits at 48, close to neutral, suggesting the market is neither strongly overbought nor oversold. However, the overall trend remains upward, leading many analysts to believe the bullish momentum will continue unless disrupted by external shocks.
The ADX at 28 indicates a strong trend is forming. This confirms that the market has momentum, with the prevailing direction pointing upward. Meanwhile, short-term EMAs sitting above long-term EMAs form a “bullish stack,” a classic signal of trend continuation.
Price Squeeze Zone: Breakout Or Breakdown?
The Squeeze Momentum Indicator shows XRP consolidating in a compression zone. This is a “build-up phase” that often precedes a sharp breakout in either direction. If selling pressure dominates, support at $2.80 could be tested. Conversely, if buyers take control, XRP could quickly push toward $3.30 and then aim for $4.
Impact From Whales And Macro News
Whale inflows to exchanges have surged in the past month, with over 260 million tokens—worth about $6 billion—moved. This often signals upcoming selling pressure.
On the positive side, the legal battle between Ripple and the SEC has ended, removing a significant overhang for XRP. In addition, growing expectations of a spot XRP ETF approval before year-end are fueling optimism for the bulls.
Possible Scenarios For XRP
Currently, XRP holds a slight advantage toward the bullish scenario thanks to favorable technical setups. If the price breaks above $3.30, the $4 target looks achievable. However, whale selling remains a major risk, and if the $2.80 support fails, a deeper decline could unfold.
Conclusion
XRP stands at a decisive moment: either breaking above $4 to “shoot for the moon” or losing support and sliding back toward $2. Technical indicators lean modestly bullish, but persistent whale activity keeps the “doom scenario” very much alive.
Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.