XRP Fails to Break $3.09 Resistance, Risks Drop to $2.96
XRP closed Monday’s session near $3.00 after a late selloff erased earlier gains. The token surged to a 24-hour high of $3.10 on heavy trading volume of 131 million—almost double the average—before stalling at resistance around $3.09. In the final hour, XRP dipped to $2.99 as volumes spiked to 5.26 million, signaling possible institutional distribution and stop-loss liquidations. Key support at $3.00 is under pressure, with a breakdown risking a slide toward the $2.96 demand zone. While a bullish triangle pattern remains intact, repeated rejections at $3.09 and fading momentum present mixed technical signals. Traders should monitor the $2.99–$3.09 range for potential breakouts or deeper corrections to guide short-term crypto trading decisions.
Neutral
The mixed technical signals justify a neutral market view. Despite a bullish triangle pattern that supports potential upside, repeated rejections at $3.09 and a late-session selloff indicate bearish pressure on XRP in the short term. Similar false breakouts in past sessions led to consolidation before any decisive move. In the immediate term, traders may see choppy trading between $2.99 and $3.09, with a breach below $2.96 fueling further downside. Over the medium to long term, maintaining above the $2.96 support could restore bullish sentiment and set up a fresh rally. Monitoring volume spikes and institutional activity will be key to timing entry and exit points.