XRP Faces $3.04 Resistance as RSI Neutral, MACD Turns

3 hours ago

News Background

XRP extended its late-August advance, climbing astir 9% connected the week portion trading tightly astir the $3.00 intelligence level.
Gemini launched an XRP-rewards Mastercard with WebBank, offering up to 4% cashback successful XRP. The merchandise pushed Gemini up of Coinbase successful U.S. iOS app rankings.
Institutional flows into XRP-linked products reached an estimated $25 cardinal daily, adding extent to the marketplace backdrop.
Analysts proceed to show breakout setups, with longer-term method targets cited adjacent $27 if the existent compression signifier resolves upward.

Across the 24-hour league ending August 27 astatine 04:00 GMT, XRP traded successful a $0.09 set betwixt $2.95 and $3.05, closing astatine $2.98 for a 1.3% intraday decline.
The heaviest enactment came astatine 20:00 GMT, erstwhile volumes surged to 273.15 cardinal — much than 4x the 62.47 cardinal regular mean — arsenic XRP concisely touched $3.05 earlier sellers capped the move.
In the last hr (03:04–04:03 GMT), XRP consolidated wrong a $0.11 scope from $2.97–$3.08, with repeated tests of $2.975 enactment holding firm.
Volume spikes of 1.31M astatine 03:59 and 1.19M astatine 03:07 GMT coincided with short-lived rallies toward $2.99 resistance.

Support: $2.975–$2.98 remains the cardinal intelligence level aft aggregate palmy defenses.
Resistance: $3.02–$3.04 continues to headdress upside attempts amid dense merchantability pressure.
Momentum: RSI dependable successful mid-50s reflects neutral bias; MACD histogram converging toward imaginable bullish crossover.
Volume: 273M highest turnover underscores organization beingness but besides highlights beardown profit-taking astatine resistance.
Patterns: Ongoing consolidation adjacent $3.00 suggests a base-building phase, with imaginable continuation if absorption astatine $3.04 breaks.

Bulls people $3.20 if the $3.02–$3.04 absorption set is cleared.
Bears item $2.96 arsenic the archetypal downside trigger, with $2.94 arsenic the adjacent level below.
Market desks are watching whether Gemini’s Mastercard motorboat drives incremental retail flows into XRP.
Institutional inflows supra $25M regular stay captious for sustaining momentum.