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Reading: Support at $2.90 Holding Strong as Bulls Eye $3.40
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EdaFace Newsfeed > Latest News > Crypto News > Support at $2.90 Holding Strong as Bulls Eye $3.40
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Support at $2.90 Holding Strong as Bulls Eye $3.40

vitalclick
Last updated: August 7, 2025 5:38 am
1 day ago
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Contents
Daily Chart: Holding Support… For NowResistance Levels to WatchPrice Pattern Still Looks FamiliarAltcoin Season Not Yet in SightNever Miss a Beat in the Crypto World!FAQs

The price of XRP is currently showing mixed signals, with short-term support still holding, but warning signs appearing on the longer-term charts. XRP is also flashing a bearish divergence. This is not a short-term signal and doesn’t mean XRP will crash today or tomorrow. 

However, it does mean that bullish momentum could fade over the coming weeks or even months. This signal has been in place for a while and still hasn’t gone away, so it remains a key risk factor for XRP holders.

Daily Chart: Holding Support… For Now

On the daily chart, XRP is currently bouncing off a Fibonacci support level near $2.90. This area between $2.90 and $3.00 is acting as a strong support zone. If the price manages to stay above this range, we could see more short-term bounces.

XRP Price

However, if XRP closes back below $2.90, there’s a chance of a drop toward $2.75. Below that, there’s another key support zone between $2.55 and $2.62, which could act as a safety net in case of a stronger pullback.

Resistance Levels to Watch

In the short term, XRP faces resistance around $3.10, with a stronger barrier between $3.10 and $3.20. If bulls can push through this zone, the next resistance lies closer to $3.40.

But for now, XRP seems to be stuck in a range, with support holding steady but resistance keeping it from making a strong move upward.

Price Pattern Still Looks Familiar

Interestingly, the current price pattern for XRP looks very similar to how the chart appeared earlier this year. Despite small daily moves, not much has changed over the past few days. That means the larger structure remains the same, and it’s not showing signs of strong bullish recovery just yet.

  • Also Read :
  •   NovaDius President Sees XRP And Solana ETFs in BlackRock’s Future
  •   ,

Altcoin Season Not Yet in Sight

Looking at the Bitcoin dominance chart, there’s still no sign of an altcoin season. Bitcoin dominance is holding above its support level between 60.5% and 61%. As long as this level holds, altcoins like XRP may continue to follow Bitcoin’s lead, without showing major independent gains.

If Bitcoin dominance stays flat or moves higher, it could hurt the altcoin market further. On the flip side, if Bitcoin dominance breaks down, that would increase the chances of a stronger rally across altcoins, including XRP.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

Is XRP price showing bullish or bearish signals?

XRP shows mixed signals – holding $2.90-$3.00 support but flashing long-term bearish divergence that could weaken momentum over coming weeks.

Why is bearish divergence concerning for XRP?

The persistent bearish divergence (higher prices but weakening momentum) suggests bullish exhaustion, increasing risk of extended pullback.

How does Bitcoin dominance affect XRP?

With BTC dominance holding 60.5%-61% support, XRP likely follows Bitcoin’s moves rather than leading independent altcoin rallies.

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