XRP is once again pressing against the $3 mark, a level that has become a battleground for bulls and bears. The token has managed to reclaim ground in recent days, climbing back over $2.85 after a period of weakness, but the question now is whether it can break through resistance that has capped rallies for months.
On the weekly chart, the picture remains complicated. Prices have been setting higher highs, but the Relative Strength Index (RSI) continues to post lower highs. This bearish divergence suggests momentum is fading beneath the surface. It has been in place for weeks and remains a concern for traders who are looking for a sustainable long-term rally.
According to an analyst, the daily timeframe tells a slightly different story. Regaining the $2.85 to $2.90 zone has given bulls fresh confidence. That area had been acting as resistance after earlier serving as support, and reclaiming it now puts XRP in position to test heavier resistance levels. The tough one is $3, where a descending line of resistance has repeatedly turned back rallies.
As of today, XRP is once again challenging that line. A clean daily close above $3 would strengthen the bullish case and set the stage for a potential move toward $3.82, a target derived from the descending triangle formation on the chart. Getting there will not be easy. The band between $3.00 and $3.10 is stacked with historical resistance, and even if that zone is cleared, the $3.30 area marks another hurdle.
Support for now sits near $2.75. This level has held firm since early August. A breakdown there would undo the recent progress and reinforce the longer-term bearish signals.
In the short term, XRP is at a critical point. A decisive breakout could re-ignite bullish momentum, while another rejection would likely push the token back into its months-long consolidation range.
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