XRP price retreats after touching resistance near $3.10, raising questions about whether the bullish momentum can resume toward the $3.50 target.

After a strong rally early in the week, XRP seems to have lost pace. XRP’s current price is stuck at about $2.93, registering a 3.5% decline over the last 24 hours. While the correction is modest, analysts and traders are closely watching the follow-through move—especially given that Ripple (XRP) continues to contend with both technical resistance as well as shifting market sentiment.

Technical Breakdown: XRP Struggles at $3.10

Following its brief breakout above $3.10, XRP was not able to maintain its position and dropped lower. A very crucial bullish trend line was broken at $3.060 on the hourly chart, again supplying bearish pressure. The data from TradingView indicate that XRP is presently below the 100-hour simple moving average (SMA), which means short-term momentum has flipped negative.

XRP trades near $2.93 with bearish signals pointing to a potential drop toward $2.72 unless the $3 resistance is broken. Source: FenzoFxBroker on TradingView

The correction has brought the price near to the 50% Fibonacci retracement level of the $2.73 to $3.106 rally, and the nearest support is forming at $2.92. Another correction could push XRP prices down to $2.88 or even $2.75 if bearish volume is accelerated.

The hourly RSI for XRP/USD is now less than 50, and the MACD is moving towards the bearish territory—indicating possible short-term downward pressure.

Volume Increases During Pullback—Profit-Taking or Repositioning?

Despite the price pullback, trading volume is higher than 4.4%, reaching $5.79 billion. This volume-price disconnection is common during instances of profit-taking or redistribution by institutional or swing traders.

Over the last 7 days, XRP today is still 5.38% higher, showing the strength behind it. Its market cap is now at around $175 billion, solidifying its position as one of the top-performing cryptocurrencies.

Will Bulls Regain Momentum?

To its credit, XRP must move past near-term resistance at $2.95 and $3.00 to reignite momentum. A breakout above these levels could set the stage for $3.06 and potentially even $3.20, setting up the coin for a drive upward toward the coveted $3.50 level.

XRP was trading at around $2.93, down 3.54% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

If more bullish sentiment is in store—particularly with positive Ripple SEC news or XRP lawsuit updates—the XRP price prediction is still rosy for the near to medium term.

Is $3.50 Still Within Reach?

Despite the recent dip, market experts are not ruling out XRP’s likelihood of reaching $3.50—especially if macro crypto fundamentals and Ripple XRP updates favor it. The rally is put on hold, but not deceased.

XRP’s momentum remains bullish as the price holds above the trendline support near $2.90. Source: Reazosman on TradingView

A close at or above $3.00 would be a good technical sign. Watch for support at $2.88 and resistance at $3.10 from investors. Failing to hold at or above $2.88, however, could see XRP prices descend to $2.75.

Final Thoughts: XRP in a Healthy Consolidation?

While short-term charts do show a decline, most see this as part of a healthy phase of consolidation. Broader momentum indicators in the form of RSI, MACD, and Fibonacci levels still point to the market not being in reversal mode yet.

Continuing Ripple vs SEC hearings, potential XRP ETF announcements, and ongoing XRP ledger adoption ensure medium- to longer-term XRP price predictions for 2025 and 2030 remain bullish.

As always, investors must stay abreast of the latest XRP news today and pay close attention to price action and judicial developments.