$XRP /USDT Healthy Pullback or Deeper Drop? After testing
CodrinBA
Updated at: 4 hours ago
{"content":"$XRP /USDT Healthy Pullback or Deeper Drop?
After testing $3.12, XRP failed to hold momentum, slipping under $3.00 and breaking its rising channel. Price touched lows near $2.824 and is now consolidating.
Key Levels to Watch:
Resistance: $2.90 → $2.98 (50% Fib), then $3.05 & $3.12
Support: $2.82 → $2.78 → $2.72 (major demand)
SMA: Trading below the 100-hourly, keeping short-term pressure on the downside
Scenario:
A strong reclaim of $2.98 could fuel a push back toward $3.12–$3.20.
Failure to break $2.98 may open the door to deeper downside, with eyes on $2.72–$2.65 as critical demand zones.
With Bitcoin & $ETH also showing weakness, XRP is tracking broader market cues. The big question: is this just a healthy cool-off before the next leg higher, or the start of a deeper retrace?
#XRP $XRP #Crypto #Trading ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/26/28743c80a9394e0a8a99410e75a72797.jpg"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}