Immy Dorse 
Well, it looks like XRP is having a pretty decent day. The price is up more than 5% and actually managed to test the $3.00 mark earlier. That’s a pretty big deal, psychologically speaking. But it couldn’t quite hold on, and now it’s sort of hovering, consolidating those gains. The question now is whether it can gather enough steam for another push or if it’s due for a bit of a pullback.
Where It Stands Now
Right now, the price is trading above $2.90, which is a good sign. It’s also sitting comfortably above the 100-hour simple moving average, which a lot of traders watch closely. There’s also this bullish trend line that seems to be forming on the hourly chart, offering some support around the $2.93 area. That’s based on data from Kraken, for what it’s worth.
The move started after it held above $2.85, which was key. From there, it climbed past a couple of resistance points and even outperformed Bitcoin and Ethereum for a bit, which doesn’t happen all that often. It peaked just shy of three dollars at $2.994 and is now, like I said, just… pausing. It’s testing a minor retracement level, which is pretty normal after a jump like that.
The Bullish Case
If buyers can defend that trend line support at $2.93, another run at higher levels seems possible. The immediate hurdle is back near $2.98. But the real test is obviously that big round number: $3.00. A clean break and hold above that could open the door to a move toward $3.05, maybe even $3.12. After that, $3.15 is the next major spot the bulls would have to tackle. It’s a lot of ifs, but the path is there.
The Potential for a Pullback
Of course, it might not go that way. If it can’t get past the $2.98 resistance, we could see it drift lower again. That first bit of support is right at that trend line around $2.93. If that gives way, the next important level is down near $2.89. A drop below that, especially if it closes there, could see the price slide further toward $2.86. A break below $2.85 would be a much more bearish signal, suggesting this recent uptick might be losing its legs.
What the Indicators Suggest
The technical indicators are a bit mixed, which fits with this uncertain moment. The hourly MACD is still in bullish territory but it’s lost some momentum. The RSI, meanwhile, is hanging above 50, which generally suggests there’s still some buying interest. So it’s not all one-sided.
For now, it feels like the market is just catching its breath. The major levels to watch are pretty clear: support at $2.93 and then $2.86, with resistance waiting at $2.98 and, of course, the big one at three dollars.