The XRP course has been fighting for days with the psychologically important limit of 3 dollars. According to analysts, this tipping point can set the tone for the coming weeks: the price breaks over it convincingly, then a new increase is. But a rejection can lead to a considerable correction. So the coming days will be exciting.
XRP course continues to fluctuate around 3 dollars
At the time of writing, the XRP rate is exactly at 3 dollars, an increase of 4.5 percent over the last seven days. De Munt now makes a serious attempt to convert this price level – which previously functioned as a resistance – into support. If that succeeds, there is room for a new upward movement.
Analysts see both opportunities and risks
According to analyst Coinskid, XRP ends up in an increasingly closer bandwidth. He sees a possible breakthrough to a new all-time high, provided that the race manages to exceed $ 3.37. “Until that moment, a final correction is certainly not excluded,” said Coinskid. He mentions $ 2.33 as the first safety net – a price level that lasted a firm position. If XRP drops underneath, then $ 1.90 will also come back in the picture as support.
Analyst Ali Martinez also sees a big movement. In a recent post on X, he points to a falling triangular pattern in which XRP has been around for weeks. The top of that pattern is between 3.10 and $ 3.20. If there is a convincing breakthrough, XRP could move on to $ 3.60 – close to the peak of July.
But if the outbreak is not forthcoming, Martinez expects XRP to continue consolidating within the pattern. In that scenario, 2.70 dollars becomes the following critical point to keep an eye on.
Investors are predominantly bullish
Despite the mixed sounds of analysts, sentiment among investors remains mostly positive. Data from the Polymarket platform shows that 86 percent of the participants expect XRP to be above 3.10 dollars at the end of September.
For a rate above $ 3.20, the chance of 60 percent is estimated, and for $ 3.30 still at 48 percent. Above that, optimism is rapidly decreasing: only 21 percent consider an increase to $ 3.60 probably. It shows that investors are hopeful, but also realistic-a new all-time high seems to be no certainty for the time being.
Source: https://newsbit.nl/belangrijke-xrp-prijsniveaus-om-in-de-gaten-te-houden/
