With a steady recovery from its steep correction earlier this month, XRP is once again approaching a critical market turning point as it consolidates around the $2.66 mark. The focus is now shifting back to the $3 psychological level, with recent price action suggesting increasing momentum and a potential shift from short-term weakness to a renewed bullish phase.
### XRP’s Dramatic Recovery
XRP has dramatically bounced back from the $2.35 support level on the daily chart. Having risen above the 200-day moving average (black line) once again, the asset is currently testing the 50-day EMA near $2.77. Historically, this level has acted as both confirmation and resistance for trend reversals.
If XRP can hold above this zone and secure a daily close above $2.80, the likelihood increases for a sustained rally toward the $3.00–$3.10 range. This would mark a significant step in its recovery.
### Increasing Trading Volume and Institutional Interest
After weeks of cautious selling, there has been a slight uptick in trading volume, indicating that institutional investors and large holders may be gradually returning to the market. This resurgence in participation can provide additional support for the ongoing recovery.
### XRP Faces Resistance and Key Levels to Watch
The Relative Strength Index (RSI) currently sits at 53, reflecting a balanced state between buying and selling pressure. This neutral RSI level creates an ideal environment for a potential breakout attempt without the risk of overbought conditions.
However, investors should remain cautious around the resistance zones between $2.77 and $2.90, where XRP has faced repeated rejections in the past. Maintaining the overall bullish structure is crucial, especially if a short-term pullback occurs toward the $2.55–$2.45 range. Failure to break above resistance could trigger this retracement.
### Bullish Outlook and Market Implications
If XRP manages to break above $2.90, short liquidations and renewed speculative demand could quickly and decisively propel the price toward the $3.00 target. Given XRP’s role as a sentiment driver for large-cap assets, such a breakout could also signal a broader recovery across the altcoin market.
### Conclusion
XRP is currently at a pivotal stage in its recovery journey. A confirmed breakout above $2.80 could open the door to $3 and beyond. Conversely, failure to surpass this threshold might lead to another consolidation phase before the next upward leg.
Overall, market structure and momentum suggest that the balance is gradually tipping back in favor of buyers, making XRP a key asset to watch in the coming days.
https://u.today/xrp-reaches-critical-recovery-point-for-3
