XRP’s $2.80–$2.95 Support Zone May Influence Potential Short-Term Rebound Signals

Key Points

1. The $2.80–$2.95 range is identified as a crucial support zone for XRP's short-term price direction and potential bullish reversal.

2. Analyst Cryptoes highlights bullish divergence signals on the four-hour timeframe, with RSI forming higher lows, indicating a possible momentum shift in favor of buyers.

3. A Dragonfly Doji candlestick pattern on the daily chart suggests strong buyer intervention after initial selling pressure.

4. XRP is forming a falling wedge pattern on the four-hour chart, with a breakout potentially triggering a 20% rally toward the $3.60–$3.65 resistance zone.

5. Maintaining the $2.80–$2.95 support zone is essential for preserving XRP's upward trajectory through August.