The post Can XRP Bounce to $3.20? Only if $2.70 Holds Strong appeared on BitcoinEthereumNews.com.  Key Insights: XRP must defend $2.70 support; failure risks deeper losses, while holding opens path toward $3.20. Compression near support suggests stored momentum, with analysts expecting possible breakout once dip completes. Trading volume over $9 billion shows strong market activity despite recent declines in price performance. Can XRP Bounce to $3.20? Only if $2.70 Holds Strong XRP was trading at $2.75 with a 24-hour turnover of $9.02 billion. The token has dropped 4% in the past 24 hours and more than 9% over the past week. The recent decline has brought the market back to a critical support zone at $2.70. Analyst Ali shared a chart of XRP/USDT on the 12-hour timeframe that shows repeated bounces at this level.   He stated,  “$XRP must hold $2.70 support to keep the chance of a rebound to $3.20 alive!”  The view suggests that as long as buyers defend this area, the structure favors a move higher. Path Toward $3.20 Resistance The chart posted by Ali shows dotted lines outlining a possible recovery path. This scenario would see XRP consolidating near current levels before making an attempt to climb back toward $2.95–$3.00. From there, the next target would be the $3.20 resistance zone, a level the market has tested before. If $2.70 holds, the setup provides the technical base for this rebound scenario. A confirmed break below the level, however, could weaken the structure and open the way for a deeper pullback. Compression Signals Building Energy Another analyst, Kamran Asghar, described the current price action as “coiling.” His chart shows XRP consolidating inside a descending wedge pattern with support between $2.70 and $2.60. This area has acted as a strong floor multiple times in recent months. Kamran explained, “Support test underway. The spring is compressed. Expecting an aggressive move to $4.03 once this final… The post Can XRP Bounce to $3.20? Only if $2.70 Holds Strong appeared on BitcoinEthereumNews.com.  Key Insights: XRP must defend $2.70 support; failure risks deeper losses, while holding opens path toward $3.20. Compression near support suggests stored momentum, with analysts expecting possible breakout once dip completes. Trading volume over $9 billion shows strong market activity despite recent declines in price performance. Can XRP Bounce to $3.20? Only if $2.70 Holds Strong XRP was trading at $2.75 with a 24-hour turnover of $9.02 billion. The token has dropped 4% in the past 24 hours and more than 9% over the past week. The recent decline has brought the market back to a critical support zone at $2.70. Analyst Ali shared a chart of XRP/USDT on the 12-hour timeframe that shows repeated bounces at this level.   He stated,  “$XRP must hold $2.70 support to keep the chance of a rebound to $3.20 alive!”  The view suggests that as long as buyers defend this area, the structure favors a move higher. Path Toward $3.20 Resistance The chart posted by Ali shows dotted lines outlining a possible recovery path. This scenario would see XRP consolidating near current levels before making an attempt to climb back toward $2.95–$3.00. From there, the next target would be the $3.20 resistance zone, a level the market has tested before. If $2.70 holds, the setup provides the technical base for this rebound scenario. A confirmed break below the level, however, could weaken the structure and open the way for a deeper pullback. Compression Signals Building Energy Another analyst, Kamran Asghar, described the current price action as “coiling.” His chart shows XRP consolidating inside a descending wedge pattern with support between $2.70 and $2.60. This area has acted as a strong floor multiple times in recent months. Kamran explained, “Support test underway. The spring is compressed. Expecting an aggressive move to $4.03 once this final…