XRP has experienced a notable pullback from the $3.60 level after a significant rally from lows near $0.50, reaching its highest point since 2021. Despite this strong performance, the recent decline in price suggests that traders are locking in profits. The $3 level has proven to be a crucial psychological barrier, and repeated attempts to breach it have not succeeded, raising concerns that bears may aim for the next support level at $2.7. If this level is retested and fails to hold, it could signal continued downward momentum. Technical indicators, including the 3-day MACD, have crossed into negative territory, reinforcing the bearish bias. The descending triangle pattern formed by lower highs and a base at $2.7 further supports the notion of a potential correction [1].

The resistance levels at $3 and $3.6 have remained intact, and a clean breakout from $3.6 could potentially propel the asset toward $4. However, this outcome depends on the bulls’ ability to push through with strong volume and conviction. Recent price action has shown a bullish flag pattern on the 4-hour chart, indicating a possible continuation of the upward trend. The support zone at $3.20 and the stronger level at $2.80—aligned with the 0.5 Fibonacci retracement—have acted as key areas where buyers have shown interest. The resistance battles at $3.40 and $3.60 have also been critical in determining the next move in XRP’s price trajectory [2].

Analysts have observed that the current market dynamics suggest a consolidation phase for XRP as it moves within the $2–$3 range. Without fresh catalysts, such as a spot XRP ETF approval or further legal clarity for Ripple, the asset is likely to remain in this range-bound environment. Institutional interest has been growing due to Ripple’s cross-border payment infrastructure and legal developments, with some forecasts suggesting up to $8 billion in capital inflows if ETFs gain approval by October. However, the recent profit-taking spree has led to capital reallocation, with some investors shifting toward alternative tokens that offer higher staking rewards and upside potential [3].

One such token, Layer Brett (LBRETT), has gained attention as a high-growth opportunity in the Ethereum Layer 2 space. With a circulating supply of 10 billion tokens—compared to XRP’s 59 billion—LBRETT offers a more scarcity-driven model. The token has seen a 25% price increase in a few weeks, supported by staking yields that have exceeded 1,500% in early phases. Analysts have projected 100x returns for early adopters if the platform meets its ambitious goals, including the development of cross-chain bridges, NFT marketplaces, and governance incentives [3].

While XRP has demonstrated strong fundamentals and institutional adoption, its recent performance highlights the importance of fresh momentum to break out of the current range. Without a clear bullish catalyst, XRP may continue to face challenges in overcoming the $3 level. The market’s focus on alternative tokens like LBRETT reflects a growing appetite for high-yield opportunities, particularly in the Ethereum Layer 2 ecosystem [3].

Source: [1] Ripple (XRP) Price Predictions for This Week (https://cryptopotato.com/ripple-xrp-price-predictions-for-this-week-21/) [2] XRP Price Prediction: Will This $3.6 Breakout Send Ripple … (https://thetradable.com/crypto/xrp-price-prediction-will-this-36-breakout-send-ripple-flying-to-4-ig–m)

[3] XRP Price Set For $3 Rejection Again As Investors Pile Into … (https://coincentral.com/xrp-price-set-for-3-rejection-again-as-investors-pile-into-layer-brett-to-hedge-volatility/)