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XRP trades at $2.65 as analysts track $2.70–$2.82 resistance. Charts suggest one final wave down before a possible longer-term rally.
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Summarize with AI
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Ripple’s XRP is trading at around $2.65 with a 24-hour volume of over $4.4 billion. The token has gained more than 9% over the past week, holding above the $2.6 level despite broader market volatility. However, some analysts believe XRP is not yet in a confirmed uptrend and may be facing one final wave lower before a larger move higher begins.
Meanwhile, technical analysts continue to monitor price levels around $2.7 and $2.82 for any signs of a trend shift.
Wave 4 Resistance Keeps Correction Valid
Analyst CasiTrades said XRP is still trading within a possible Wave 4 structure. The resistance level at $2.82 remains the key area to watch.
The analysis also pointed to exchange data, showing that Binance has already aligned with its 0.618 Fibonacci retracement zone, between $1.35 and $1.46.
Notably, this could mark the final stage of a broader correction. Binance also recorded a sharp wick to $0.77 during a recent liquidation event, which was not mirrored on Coinbase or many other exchanges. These differences have made technical evaluation more difficult across platforms.
Key Resistance at $2.7 Still Unbroken
XRP continues to test the $2.7 level, which has acted as both support and resistance since August. Analyst ChartNerdTA commented,
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Additionally, a descending trendline remains in place, with the next resistance zone expected near $2.9 to $3. Until XRP closes above $2.70 with strength, price action may remain inside a broader consolidation range. A rejection at this level could lead to a retest of short-term support levels.
Mixed Technical Signals and Intraday Support
CryptoWZRD reported that XRP and XRP/BTC closed with indecisive daily candles. The $2.75 level remains an area of interest on the daily chart, while support at $2.55 is being tracked in lower time frames.
Separately, analyst Ali Martinez noted that the TD Sequential indicator has shown a possible sell signal, as we recently reported.
Away from price movement, a recent court ruling in India confirmed that user-held digital assets remain personal property. The Madras High Court blocked crypto exchange WazirX from reallocating a user’s XRP to cover platform losses.
The case reflects the growing role of legal systems in defining crypto ownership rights.
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Source: https://cryptopotato.com/ripples-xrp-faces-final-wave-down-before-major-breakout/








