XRP Price Stalls at $2.90, Heads Toward $2.70 Support
XRP price failed to breach the crucial $2.90 resistance after two breakout attempts this month. Analyst Ali Martinez warns that continued rejection at $2.90 could drive the token down to the next support zone at $2.70. Another analyst, CryptoWZRD, points out XRP’s indecisive daily close near support and highlights the need for bullish momentum in the XRP/BTC pair. Moving above the $2.8830–$2.90 zone is critical for reversing the recent downtrend. Traders should watch trading volume and on-chain signals around these levels to gauge potential entry or exit points.
Bearish
XRP price’s repeated failure to clear the $2.90 resistance signals sustained bearish pressure. Analysts link another rejection to a likely drop toward $2.70, aligning with historical patterns where failed breakouts at key levels lead to extended pullbacks. In the short term, lack of a decisive close above $2.90 and insufficient bullish momentum in the XRP/BTC pair suggest continued downside risk. For a longer-term bullish reversal, reclaiming and holding above the $2.90 zone is essential.