Overview

• XRP trades around $2.84–$2.90 after a roughly 4% daily drop, with volume up about 12% to $2 billion and a support base near $2.80 against resistance around $3.10.
• Price action remains confined in a multi-month descending triangle, with the 50-day SMA near $2.93 acting as resistance, RSI around 45, and the token holding above the 200-day average.
• Bearish calls include Peter Brandt’s warning of a slide toward about $2.22 on a daily close below $2.68743, with others eyeing a retest of $2.72–$2.60 if support gives way.
• Bullish scenarios point to a push toward $3.35–$4 on a confirmed break above roughly $3.20–$3.35, with one fractal-based projection speculating on $20–$34 if momentum repeats past cycles.
• Market tone reflects ETF-related interest and Ripple’s leadership transition, with CTO David Schwartz planning to move to a board and advisory role later this year.