2 key XRP price levels to watch as $3 target remains elusive

XRP is still struggling to reclaim the $3 resistance zone, with an analyst highlighting two key price levels that could determine its next ￰0￱ to an outlook by Ali Martinez, a strong resistance has formed around $2.90, where recent price action has shown multiple failed attempts to break ￰1￱ a September 6 post on X, Martinez noted that if XRP faces another rejection at this level, the asset could retreat toward the $2.70 support zone, which has previously served as a crucial floor during recent ￰2￱ price analysis chart.) applications, including filings from Grayscale, 21Shares, Bitwise, and ￰3￱ are expected between mid- and late October, with approval odds seen as ￰4￱ suggest institutional inflows could exceed $5 billion if approved, potentially sparking the momentum needed to push XRP beyond $3 and toward higher ￰5￱ the meantime, XRP may retest the $2.90 resistance before either breaking higher or retreating toward $2.70, with a deeper slide to the $2.73 and $2.69 range possible if bearish pressure ￰6￱ price analysis At press time, XRP was trading at $2.81, down about 2% in the past 24 hours but up 0.84% over the past ￰7￱ seven-day price chart.) of $2.50, signaling long-term bullish support.

However, it remains below the 50-day SMA of $3.07, pointing to short-term weakness and a struggle to regain upward momentum. Meanwhile, the 14-day RSI stands at 43.67, below the neutral 50 ￰8￱ suggests XRP is leaning toward bearish momentum but is not yet oversold, reflecting limited buying pressure in the near ￰9￱ image via Shutterstock