XRP Dip Looks Like Buy-on-Weakness Toward $3.38 Retest
I see XRP has pulled back about 6% to $3.09 after recently breaking a key resistance level, but the broader bullish setup from the SEC settlement breakout still looks intact.
Technically, the drop appears like a retracement rather than a reversal, with a likely technical target near $3.38 if momentum reasserts. I'll be watching volume and RSI for confirmation of renewed buying pressure.
Given the volatility and regulatory sensitivity, I prefer to scale in on weakness or wait for a clean reclaim of short-term resistance with a disciplined stop-loss.
Analysis
Recommendation
I recommend a buy-on-weakness approach: add in tranches near support or wait for a clear reclaim of resistance, and use a tight stop below the recent swing low to manage downside risk.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.