XRP is finding it difficult to break above $3, a level that has historically served as resistance.
At the time of publication of this note, Ripple Labs cryptocurrency trades at $2.87It is 21.3% below its all-time high (ATH) of $3.65.
In the previous graph, you’ll see purple rectangles that represent: Price resistance ranging from $3 to $3.10.
It is important to clarify that technical analysis does not deal with exact values, but with approximate ranges or zones within which assets typically fluctuate.
As reported by CriptoNoticias, during September, XRP managed to cross the $3 level several times; It was not possible to maintain the level above 3.10, which is an important point to confirm a change in trend.
If the asset is able to position itself stably above that area, it would confirm strengthening support and pave the way for a possible sustained rebound in the near term.
Also note the following: Cryptocurrency Ripple shows solid support around $2.85. This suggests that buyers are holding to that level, reducing the chance of a deeper correction. This area acts as support to allow the asset to resume its uptrend.