Ripple Price Analysis: XRP Must Maintain This Level to Avoid a Major Correction

Key Points

1. XRP broke above the $3.00 psychological resistance level following a rally that began in early July.

2. The 100-day and 200-day moving averages provided support, with a bullish crossover around $2.50.

3. The price is currently above the $3.00 support zone, but short-term momentum is waning as RSI falls below the overbought threshold.

4. XRP/BTC chart shows a similar trend, with resistance at 3,000 SAT and a retest of a bullish fair value gap near 2,700 SAT.

5. A breakout above 3,200 SAT resistance is possible, but failure to hold support could lead to a decline towards 2,400 SAT or 2,000 SAT.