XRP: Last Test Before $3 Reached
2025-07-13 11:52:13
Main Idea
XRP is nearing a crucial resistance level at $3, with potential for a significant breakout if it surpasses $2.90-$3 on high volume, though short-term profit-taking could cause a brief retracement.
Key Points
1. XRP has rallied close to the pivotal $3 mark, breaking past the $2.50-$2.60 resistance level.
2. The resistance just below $3 is critical, and Monday's trading session may be decisive due to typically higher volume and liquidity at the start of the week.
3. XRP's market structure remains bullish, with major moving averages (50, 100, and 200-day) well above the current price, indicating potential for further gains.
4. The Relative Strength Index (RSI) is above 80, signaling overbought conditions, which may lead to short-term profit-taking and a brief pullback.
5. A confirmed breakout above $2.90-$3 on increasing volume could trigger further momentum as sidelined buyers enter the market.
Description
XRP is extremely close to hitting pivotal level, but one last test is left
