XRP May Stall Near $3 as Bollinger Bands Suggest Breakout Above $3.35 Could Be Required

  • $3 acts as resistance on daily Bollinger Bands, not confirmed support.

  • Daily midline (~$3.09) and weekly mid-band (~$2.61) define the pivot zones.

  • Failure above $3 keeps downside open to $2.60 and potentially the low $2.00s.

XRP $3 resistance: technical analysis shows repeated Bollinger midline rejections; monitor daily closes above $3.35 for a confirmed breakout. Read on for levels and strategy.

What is causing XRP to stall at $3?

XRP price has repeatedly stalled at the $3 area because the daily Bollinger Bands midline (~$3.09) and nearby liquidity have created significant resistance. Short-term momentum fades on daily closes below the midline, leaving the market capped despite intraday rallies.

How do Bollinger Bands explain XRP’s price action?

On the daily chart, the Bollinger midline acts as the 20-period simple moving average. XRP’s recent attempts to push through $3 coincide with rejections at that midline. On the weekly chart the bands widened during the summer rally and then contracted during the retracement, placing the price back in the middle zone.

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Source: TradingView

Repeated daily failures to close above the midline make $3 more of a psychological cap than a sustained breakout. The daily midline is currently around $3.09; the weekly mid-band sits near $2.61. Those references frame the upper and lower bounds traders are watching.

When will XRP move decisively above $3?

For a decisive shift, XRP must clear and hold above the upper Bollinger band on the daily, near $3.35, on a sustained daily close. A confirmed close above that level would shift the structure from range-bound to bullish, opening room for further gains.

What downside levels are now most likely if $3 keeps failing?

With continued rejection at the midline, the path toward $2.60 remains highest probability. If selling pressure intensifies, the next meaningful area of support is in the low $2.00s. Risk management should account for this broader downside possibility.




Frequently Asked Questions

Is $3 a safe entry point for XRP right now?

Entering at $3 is risky because the daily Bollinger midline has caused repeated rejections. Wait for a confirmed daily close above $3.35 or use tight risk controls with stops near $2.60.

How does the weekly chart change the view on XRP’s $3 level?

The weekly mid-band (~$2.61) places $3 in the upper half of the weekly range. The weekly view suggests the market is still range-bound unless the price decisively pushes above the weekly upper band.

Key Takeaways

  • $3 is resistance: Daily Bollinger midline (~$3.09) repeatedly rejects rallies, making $3 a cap, not a breakout.
  • Breakout threshold: A sustained daily close above ~$3.35 would shift structure toward bullish.
  • Manage risk: Primary downside targets are $2.60 (weekly mid-band) and the low $2.00s; use defined stops and position sizing.

Conclusion

The current technical picture indicates that XRP price testing $3 is a rebound into resistance rather than a confirmed breakout. Traders should treat $3 prints with caution, monitor daily closes relative to the Bollinger bands, and watch for a clear close above $3.35 before assuming a return to bullish structure. COINOTAG will continue to track on-chain and chart-based signals for updates.







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