XRP Price Watch: Bulls Eye $3.07 as Throwback Nears Completion

XRP traders are closely monitoring price action in the $2.94–$3.01 range, with analysts suggesting this zone could determine whether the asset breaks higher or extends its ongoing throwback.

According to Egrag Crypto, a decisive close above $2.94 would be the first bullish signal, while reclaiming the 33-day simple moving average (SMA) around $3.01 would further confirm momentum.

The low posted on September 1 may already mark the bottom of the retracement phase, raising hopes that XRP is preparing for a renewed push upward.

Key Levels to Watch

• $2.94–$3.01: Must-hold zone for bulls to regain control.
• $3.07: A close above this level, aligned with the 55-day SMA, would serve as an important confirmation.
• $3.40: A breakout above this threshold would be the “ultimate go-go signal,” according to EGRAG.

Should XRP fail to hold above $2.94, however, weakness could extend the throwback pattern, delaying any immediate breakout attempt.

Community Sentiment

Despite the cautious outlook, the XRP community remains upbeat. EGRAG urged holders to “stay steady and strong,” highlighting that conviction from the XRPFamily has historically supported long-term gains.

For now, XRP’s short-term fate hinges on whether bulls can defend the $2.94 zone and push through layered resistance levels. A move above $3.07 could put the much-anticipated $3.40 breakout firmly on the table.

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Conclusion

XRP is at a pivotal point, with technical signals suggesting a potential rally but also caution if momentum falters. Breaking past $3.07 could ignite a run toward $3.40, reinforcing bullish sentiment across the market. Until then, traders will watch closely as XRP navigates this critical consolidation phase, with September’s price action likely setting the tone for the weeks ahead.