XRP price analysis: $3.40 test could trigger pullback
XRP price analysis shows consolidation near the $3.10 level after a strong summer rally. On the USDT pair, XRP faces a critical resistance zone at $3.40, supported by the former $2.70 range. The 100-day and 200-day moving averages formed a bullish crossover near $2.45, reinforcing medium-term strength. However, the RSI hovers around 50, signaling limited momentum and a possible short-term dip to $2.80. Losing $2.80 risks a deeper correction toward the 200-day average near $2.40. On the BTC pair, XRP recently pulled back from 3,000 SAT to about 2,600 SAT after breaking a long-term descending channel. The 2,400 SAT zone, aligned with the 200-day MA, remains key support. A sustained close above 3,000 SAT would target 3,400 SAT, while dropping below 2,400 SAT could push toward 2,000 SAT. Overall, the broader trend stays bullish above major moving averages, but key support tests may trigger volatility.
Neutral
This XRP price analysis highlights a neutral market outlook. Key support tests at $2.80 (USDT pair) and 2,400 SAT (BTC pair) introduce downside risk, while bullish moving-average crossovers and higher-low structures underpin medium-term strength. The RSI near 50 reflects balanced momentum. Similar consolidations in July saw XRP rangebound until decisive breakouts above resistance or support breakdowns. Short-term traders may face volatility at these critical levels, with a break below support potentially leading to deeper corrections. Long-term holders can remain cautiously optimistic as long as prices stay above the 100- and 200-day moving averages, which historically have signaled sustained uptrends after consolidation phases.