The price of XRP currently displays mixed signals, with short -term support still, but warning panels appearing on the longer term graphics. XRP also flashes a downward divergence. It is not a short -term signal and does not mean that XRP will block today or tomorrow.
However, this means that the bullish momentum could fade in the coming weeks, even months. This signal has been in place for some time and has still not disappeared, so it remains a key risk factor for XRP holders.
Daily table: support support … for now
On the daily graphic, XRP is currently rebounding on a level of Fibonacci support nearly $ 2.90. This area between $ 2.90 and $ 3.00 acts as a solid support area. If the price manages to stay above this range, we could see more short-term rebounds.
However, if XRP is below $ 2.90, there is a chance to drop to $ 2.75. Below, there is another key support area between $ 2.55 and $ 2.62, which could act as a safety net in the case of stronger withdrawal.
Resistance levels to monitor
In the short term, XRP faces resistance at around $ 3.10, with a stronger barrier between $ 3.10 and $ 3.20. If the bulls can cross this area, the next resistance is closer to $ 3.40.
But for the moment, XRP seems to be stuck in a range, with a stable support but the resistance by preventing it from making a strong movement upwards.
The price model always seems familiar
Interestingly, the current price model for XRP looks very much like the way the graph appeared earlier this year. Despite small daily movements, little has changed in the past few days. This means that the larger structure remains the same, and it does not yet show signs of strong upward recovery.
The Altcoin season is not yet in sight
Looking at the picture of the domination of Bitcoin, there is still no sign of an Altcoin season. Bitcoin domination maintains above its level of support between 60.5% and 61%. As long as this level has remained, altcoins like XRP can continue to follow Bitcoin’s advance, without showing major independent gains.
If the domination of the bitcoin remains flat or lights up, it could harm the Altcoin market more. On the other hand, if the domination of the bitcoin breaks down, this would increase the chances of a stronger rally through altcoins, including XRP.
