XRP Hits $2.97 But Not $3: Is There Problem?
2025-07-14 09:56:01
Main Idea
XRP approached but did not reach the $3 mark, peaking at $2.97, with concerns about its ability to sustain the breakout due to lack of strong buying pressure and potential profit-taking.
Key Points
1. XRP's price peaked at $2.97 but failed to reach $3 despite a 30% increase in a few days.
2. The breakout lacks strong buying pressure to validate further upward momentum.
3. The RSI is above 80, indicating overbought conditions and potential for a steep decline.
4. Profit-taking appears to be accelerating, which may hinder sustained price growth.
5. Even if XRP breaks through $3 soon, a significant retracement could follow.
Description
XRP is ready for $3, but it needs much more support to make it
$XRP
$2.9590
+4.82%
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