- XRP is testing its $2.70 support for the third time in six weeks, fueling anticipation.
- Technical signals point to a possible breakout if $2.82 is cleared, targeting $3.10.
- Exchange inflows and rising reserves suggest some holders may be preparing to sell.
XRP is back at its familiar battleground — the $2.70 support zone. This marks the third test of the level in just six weeks, a pattern that’s keeping traders on edge. Historically, this area has acted like a safety net, catching dips and sparking rebounds. But with each retest, nerves grow stronger, and questions surface: will it hold once more, or finally give way?
Bulls Get a Signal
Market sentiment turned a bit more optimistic after well-known analyst Ali Martinez pointed out that XRP’s TD Sequential had just flashed a buy signal. His post on X was short but confident: “Rebound setup in play!” Still, that optimism comes with a catch — the setup needs follow-through above resistance before it really counts.
At the time of writing, XRP hovered near $2.80, up around 1.3% on the day. That small bump was enough to spark fresh activity, with daily trading volume climbing 11% compared to yesterday. Short-term traders seem to be warming back up, sensing that momentum could finally shift.
Key Levels in Focus
On the 4-hour chart, XRP has managed to break out of a descending trendline, hinting that the downtrend may be losing steam. Analysts say a 10% move upward could be on the table, but only if the token clears its immediate hurdles. The 15-day and 21-day EMAs remain sticky resistance, while a close above $2.82 would be the first real confirmation of strength. If that happens, XRP could march toward $3.10 — a level that’s drawn plenty of interest.
For now, liquidation maps tell us where the real pressure points lie. According to CoinGlass, major liquidations sit at $2.70 on the downside and $2.825 on the upside. With $77 million stacked in longs versus just under $20 million in shorts, the bias is clearly bullish. But over-leverage at these levels also means any sudden swing could wipe traders out fast.
A Warning From Holders
While traders celebrate the short-term setup, there’s one concern flashing red: exchange inflows. Nearly $10 million worth of XRP has been shifted onto exchanges in the past 24 hours — a classic sign that some long-term holders might be looking to offload into strength. Binance’s reserves alone grew by 61 million XRP over the same window, jumping from 2.92 billion to 3.53 billion.
That raises the question: are holders preparing to sell into this bounce, or is it just routine shuffling of coins? Either way, it adds a layer of caution to what otherwise looks like a bullish recovery attempt.
