XRP Testing $3 Support — Wait for Confirmed Rebound
I see XRP trading at $3.0567, down 6.36% on the day and testing the $3.00 intraday low after a spike in volume. The 24‑hour range is $3.00–$3.35, and the action looks like a sharp, volume‑backed pullback rather than a steady selloff.
I'm watching the $3.00 level for a clear hold or a breakdown. If price stabilizes and reclaims $3.35 on increasing volume, I would consider buying; if it breaks below $3.00 with follow‑through, I expect further downside and would avoid new longs.
Analysis
Recommendation
Watch and wait: do not initiate a new position until XRP shows a confirmed hold above $3.00 or a convincing breakout above $3.35 on rising volume. If $3.00 fails, reduce exposure or avoid buying.
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.