XRP price is retesting critical support near $2.83 after a rejection at $3.10. Sellers pushed XRP below $2.96 and $2.92, leaving $2.83 as the immediate floor. If buyers defend $2.83, a recovery to $2.96–$3.00 is likely; a break could extend the drop toward $2.80.
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$3.10 acted as a firm resistance, triggering the latest pullback
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Price momentum weakened with each bounce, focusing attention on $2.83 as the next support
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Analyst Ali Martinez flagged $2.83 as the likely target after the $3.10 rejection; XRP currently trades near $2.90
XRP price update: XRP price testing $2.83 support after $3.10 rejection — read concise analyst outlook and trading cues.
What is the current XRP price outlook?
XRP price is in a short-term downtrend after failing to clear the $3.10 resistance, with sellers driving the token below $2.96 and $2.92. The immediate outlook centers on whether the $2.83 support will hold; a successful defense suggests a move back toward $2.96–$3.00, while a break risks a slide to ~$2.80.
How likely is XRP to test $2.83?
Technical action shows progressively weaker bounces and higher lows giving way to lower highs, a sign of diminishing buyer conviction. With XRP trading at roughly $2.90, the gap to $2.83 is small and increasingly probable to be tested. Analyst Ali Martinez identified the $3.10 rejection as the pivot and pinpointed $2.83 as the next objective.
How did price action evolve leading to this pullback?
After several attempts, XRP could not breach $3.10, forming a clear ceiling. Each failed breakout invited sellers who pushed prices under $2.96 and then $2.92. That sequence removed intermediate support, leaving $2.83 as the next meaningful demand zone where buyers previously defended the token.
What are the key levels traders should watch?
- Resistance: $3.10 — recent rejection point
- Near-term resistance: $2.96–$3.00 — target zone on any recovery
- Support: $2.83 — primary short-term floor
- Lower range: ~$2.80 — risk area if $2.83 fails
| Level | Significance | Price |
|---|---|---|
| Resistance (ceiling) | Recent multi-test rejection | $3.10 |
| Near-term target | Recovery test on buyer return | $2.96–$3.00 |
| Immediate support | Key defense area from August drop | $2.83 |
| Lower risk zone | Next wider range if support breaks | ~$2.80 |
Why does $2.83 matter for XRP?
$2.83 acted as a buyer defense in a prior sharp decline and now serves as the nearest structural floor after recent selling removed nearer supports. A hold demonstrates renewed buying interest and could restore momentum toward $2.96 and $3.00. A breach would suggest sellers retain control and open the path toward the lower range.
Frequently Asked Questions
Will XRP fall below $2.80?
Not necessarily. If buyers defend $2.83, a rebound toward $2.96–$3.00 is likely. A sustained break below $2.83 would increase the probability of a drop to around $2.80, but on-chain inflows and market liquidity will influence the speed and depth of any decline.
What did analyst Ali Martinez say about this move?
Ali Martinez noted the $3.10 rejection as the turning point and forecast $2.83 as the likely destination. That call aligns with observed price mechanics: failed resistance, weakening bounces, and a stepwise retreat toward prior support.
Key Takeaways
- Immediate support: $2.83 — critical short-term floor to monitor
- Resistance to beat: $3.10 — rejection here fueled the pullback
- Trading cue: If $2.83 holds, target $2.96–$3.00; if it breaks, prepare for a move toward $2.80
Conclusion
This technical update shows XRP price under short-term pressure after a clear rejection at $3.10, with $2.83 now the focal support. Traders should watch for a decisive defense or breakdown at that level. For now, the prudent stance is to monitor price reaction at $2.83 before adopting directional bias.
