XRP Price Prediction: After breaking through $3, a pullback is expected, with the key support level at $2.75 to be tested.

XRP price rise 5% after entering correction phase

The XRP price successfully broke through the 2.80 USD resistance level after firmly establishing support at 2.65 USD (following the trends of Bitcoin and Ethereum), forming a bullish trend. Driven by the bulls, XRP reached a high of 3.0324 USD before entering a technical correction phase.

The current price has fallen below the 50% Fibonacci retracement level of the rise from the low of $2.66 to the high of $3.0324, but remains above $2.80 and the 100-hour moving average. Notably, a key bullish trend line has formed on the XRP/USD hourly chart, with support at $2.82.

Analysis of Upside Potential and Key Resistance Levels

• First resistance level: $2.92 (psychological barrier)
• Main Resistance Level: $2.95 (may test $3.02 after breakout)
• Strong Breakthrough Target: 3.08-3.12 USD Range
• Medium to Long-term Goal: $3.20 strong resistance zone

If XRP can effectively break through the resistance zone of $2.95, it may continue the current bullish sentiment in the cryptocurrency market and attempt to rally to higher price levels.

Downside Risks and Support Level Testing

If it fails to break through the resistance zone of $2.95, XRP may face the following pullback risks:

1. Primary Support: $2.82 (Trendline Support)
2. Key Support: $2.80 (76.4% Fibonacci Retracement Level)
3. Breakout Risk: If it falls below $2.80, it may test the support at $2.75.
4. Strong Support Zone: $2.65 (previous low position)

Interpretation of Technical Indicators

• MACD Indicator: Although still in the bullish zone, momentum is weakening.
• RSI Indicator: Has fallen below the 50 midline, indicating short-term adjustment pressure.
• Bull-Bear Fracture: The gain or loss at $2.80 will become a key factor in the short-term trend.