XRP Rise: Support at $2.90 Remains Strong as Bulls Eye $3.40

XRP is currently showing mixed signals, with the short-term support level still being held, but warning signs have appeared on the long-term chart. XRP is also signaling a bearish divergence. This is not a short-term signal and does not mean that XRP will collapse today or tomorrow. However, this also means that the upward momentum may weaken in the coming weeks or even months. This signal has been present for some time and has not disappeared, so it remains a major risk factor for those holding XRP. Daily Chart: Hold Support Level... Current On the daily chart, XRP is currently bouncing from the Fibonacci support level near $2.90. The range between $2.90 and $3.00 is acting as a strong support zone. If the price remains above this area, we may see more short-term bounces.

However, if XRP closes below $2.90, there is a possibility that the price will fall to $2.75. Below that level, there is another important support zone located between $2.55 and $2.62, which could act as a safety net in case the price drops further. Resistance Level to Watch In the short term, XRP will face a resistance level around 3.10 dollars, with a stronger barrier lying between 3.10 dollars and 3.20 dollars. If the buyers can surpass this area, the next resistance level will be near 3.40 dollars. But currently, XRP seems to be stuck in a range, with the support still holding but the resistance preventing it from rising sharply. The Price Model Still Looks Familiar Interestingly, the current price pattern of XRP looks very similar to the chart from earlier this year. Despite some small daily fluctuations, there haven't been many changes in the past few days. This means that the overall structure remains intact and has not shown strong signs of recovery. However, if XRP closes below $2.90, there is a possibility that the price will fall to $2.75. Below that level, there is another important support zone located between $2.55 and $2.62, which could act as a safety net in case the price drops further. Resistance Level to Watch In the short term, XRP will face a resistance level around $3.10, with a stronger barrier located between $3.10 and $3.20. If the buyers can overcome this area, the next resistance level will be near $3.40. But currently, XRP seems to be stuck in a range, with the support still holding firm but the resistance preventing it from rising significantly. Price Model Still Looks Familiar Interestingly, the current price pattern of XRP looks very similar to the chart from earlier this year. Although there have been minor daily fluctuations, there haven't been many changes over the past few days. This means that the overall structure remains unchanged and has not shown signs of a strong recovery yet. The Altcoin Season Has Not Arrived Yet Looking at the Bitcoin dominance chart, there are still no signs that an altcoin season is about to begin. Bitcoin's dominance is maintaining above the support level of 60.5% to 61%. As long as this level is held, altcoins like XRP can continue to follow Bitcoin without showing any significant independent growth.

If Bitcoin's dominance remains unchanged or increases, the altcoin market may be more heavily affected. Conversely, if Bitcoin's dominance is broken, it will increase the likelihood that altcoins, including XRP, will grow more strongly. $XRP {spot}(XRPUSDT)