XRP News Now on Razor's Edge: Will Bulls Defend $3.00 or Face a Brutal Selloff?

XRP finds itself at a critical juncture, with the cryptocurrency dancing around crucial support levels that could determine its next major move. While the token has managed to stay above key psychological barriers, traders are watching closely for signs of either a bullish breakout or a potential breakdown that could reshape the near-term outlook.

XRP Price Clings to Make-or-Break $3 Support

Currently trading at $3.1213 after a modest 0.26% daily dip, XRP is testing the patience of both bulls and bears. The narrow $0.0082 decline might seem insignificant, but it's happening right at one of the most watched support zones in recent weeks.

The $2.90 to $3.00 range has become XRP's line in the sand. Every time the price has drifted toward this area, buyers have stepped up to defend it, creating what technical analysts call a "zone of value." This isn't just random support – it's where smart money has been accumulating, making it a make-or-break level for the cryptocurrency's immediate future.

What makes this support particularly interesting is how cleanly it's held. Rather than seeing wild swings and false breakdowns, XRP has maintained a disciplined respect for this zone, suggesting institutional-level interest at these prices.

Bulls Eye $3.70 Prize as Next Major Target

If XRP can maintain its footing above the $3.00 support, all eyes turn to the $3.70 resistance level – a price point that has historically acted as a significant ceiling for the cryptocurrency. Breaking through this barrier wouldn't just be a technical victory; it would signal that XRP is ready to enter a new phase of its price discovery.

However, getting to $3.70 won't be a straight shot. Bulls will first need to navigate through the $3.30-$3.50 resistance cluster, an area that has repeatedly capped XRP's upside attempts. Think of it as a series of hurdles rather than a single leap – each level cleared increases the probability of reaching the ultimate $3.70 target.

The path ahead looks challenging but achievable, especially if buying volume can pick up and provide the momentum needed to push through these intermediate barriers.