XRP May Slide Toward $2.83 After $3.10 Rejection as Short-Term Outlook Remains Cautious

• $3.10 acted as a firm resistance, triggering the latest pullback

• Price momentum weakened with each bounce, focusing attention on $2.83 as the next support

• 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

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.