The main dishes to remember:
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XRP failed to hold $ 3.12 and faces immediate resistance at $ 3.30.
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Onchain’s data show a strong accumulation between $ 2.70 and $ 3.00.
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Fractals of the graph suggest that a potential rally of 60% to 85% in the fourth quarter remains valid.
XRP (XRP) displayed a rally of 18% in the first half of $ 3.18 against $ 2.70. However, the token did not break the bar of $ 3.20, rejecting the fair value of four hours on the side of the sale and fell to retest the support of $ 3.
Following the drop in the interest rate of the federal reserve on Wednesday, XRP could not record a higher than $ 3.18, extending short -term weakness, aligning another new $ 3 test. Altcoin is also struggling to maintain its sole over the 50-day single mobile average (SMA), adding additional sales pressure to short-term momentum.
The Dom trader highlighted the incapacity of Bulls to hold the level of $ 3.12 earlier this week, which he identified as a key area for continuation to $ 3.30. The merchant said:
“Bulls failed to hold an area of $ 3.12 earlier in the week, which, in my opinion, would be the challenge of a thrust at $ 3.30. This idea remains, all eyes on this level being returned to support (fight now). No substantial passive resistance in control books to this target area of $ 3.30.”
This leaves $ 3.30 like immediate resistance, the bulls needing to recover $ 3.18 for any significant continuation.
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Why the Haussier plan of XRP remains intact
Despite the short -term setbacks, the wider market signals indicate a sustained bullish momentum for XRP. Onchain’s data show that the change in the position of the net support has been strongly positive since August 22.
This change followed a section of red between July and early August, coinciding with benefits at higher levels. The accumulation was the most obvious in the range of $ 2.70 to 3, which indicates that investors are positioning themselves for the rise rather than leaving the market.
Likewise, the beneficiary / loss ratio made underlined a transition phase. July saw the heaviest gain in the cycle, triggering the subsequent decline. Since then, the ratio has flattened but has increased sharply recently, its highest increase since November 2024.
This suggests that a large part of the previous sales pressure has been absorbed, new cohorts of investors probably entering the market. With the accumulation of net holders, these indicators reflect a long -term constructive backdrop.
The repetitive fractal of the XRP market remains another bullish anchor. The Q1 structure was aligned with the current Q3 configuration, with the low $ 2.70 coinciding with the golden pocket of Fibonacci (0.5–0.618).
This fractal implied that XRP follows its expected cycle scheme, preparing the ground for a potential rally of 60 to 85% in the fourth quarter. Based on this projection, XRP could reach the variation of $ 5.00 to $ 5.50 from its current level of $ 3.
Related: XRP price “ Gearing Up ” for Breakout: why the next target is $ 15