XRP Holds $2.71 Support With Buyers Targeting $3.60 Rebound Move
- XRP defends $2.71 support and trades near $2.81, with charts projecting a strong path toward $3.60.
- Technical data shows XRP may retest $3.00, then $3.30, before building momentum to reach the $3.60 target.
- Analysts view $2.71 as critical since holding above this price could trigger strong buying and fresh rallies.
XRP is showing signs of resilience after recent declines, with analysts highlighting $2.71 as a pivotal support level for a rebound. If buying pressure is sustained above this threshold, technical projections point toward a rally targeting $3.60 in the coming sessions.
Key Support at $2.71
The latest chart shared by Ali Charts shows XRP trading near $2.81, a modest 0.11% daily gain. The analysis underscores $2.71 as critical support, marked by repeated bounces at that level in recent weeks. Holding this floor may create conditions for a bullish recovery.
Price history reveals strong reactions near $2.70, where buyers previously defended positions. This behavior makes the zone significant for short-term market structure. Traders monitoring the level see it as a gateway to potential upside momentum.
Technical formations highlight a double bottom structure forming close to $2.71. Such patterns often signal exhaustion in downward moves and invite reversal prospects. The presence of higher rebound targets adds weight to the bullish case.
Resistance and Path Toward $3.60
If momentum builds above $2.71, attention shifts toward resistance near $3.00 and $3.30 before a test of $3.60. Each of these zones has acted as turning points in the past, creating barriers and opportunities for market participants.
The projection suggests XRP could retest $3.00 quickly if short-term strength materializes. Beyond that, traders may aim for $3.30, which aligns with previous failed breakout attempts. A confirmed breakout could propel prices into the $3.60 region, completing a strong reversal cycle.
While the setup appears bullish, volatility remains a concern. Intraday charts reveal sharp swings that complicate holding positions. The dotted projections on the chart show possible retracements before continuation, signaling the need for cautious observation.
The focus on $3.60 reflects broader trader expectations. Achieving this target would mark a significant 28% increase from the $2.81 trading zone. Such a move could restore momentum and renew discussions of longer-term strength.
Market Sentiment and Broader Implications
The discussion around XRP’s levels has ignited wide engagement on social platforms, with more than 38,000 views recorded on the analysis. Market participants echoed optimism, suggesting $2.71 as a make-or-break level for bulls. Community responses also pointed to past rebounds as reference points for the current scenario.
Ali Charts noted that holding above $2.71 could trigger buying activity. This view aligns with repeated community mentions of potential rebounds, making the level both technically and psychologically important.
Social comments referenced earlier rallies and speculative calls for higher ranges. Some traders remain confident in XRP’s long-term outlook, while others highlight caution around volatility. The divide underscores how critical current levels are for future direction.
The broader market outlook places XRP in a sensitive position. Technical charts show opportunities for growth, yet risks remain tied to failed supports. This raises a pivotal question: can XRP maintain its footing above $2.71 and spark a sustained push toward $3.60?
