Fakeout or Foreshadowing? XRP’s $3.10 Battle Could Decide It

XRP Battles Key Resistance at $3.10: Fakeout or Fuel for a Bigger Breakout? XRP’s price action has once again placed the cryptocurrency in the spotlight, as it briefly pierced above the critical $3.10 resistance before slipping back below ￰0￱ move has sparked fears among traders of a classic fakeout, a failed breakout that traps buyers and opens the door to short-term downside. Yet, according to market analyst Shaminem, beneath the drama lies a setup that still favors the bulls, provided certain conditions are ￰1￱ $3.10 Resistance: Why It Matters The $3.10 level has become a key battleground for ￰2￱ above this price would not only signal strength but also pave the way for a potential push toward the next upside target around $3.40 or higher.

However, for the breakout to be considered legitimate, XRP needs to reclaim $3.10 with ￰3￱ means strong trading volume and, importantly, a daily close above the ￰4￱ these, momentum may falter, leaving the door open for sellers to reassert ￰5￱ pointed out , “XRP is at a decision point. A strong close above $3.10 could fire up momentum for another leg ￰6￱ bulls deliver volume and on-chain engagement now, the path toward $3.40+ is open.” Recent analysis also shows that the 3rd-largest cryptocurrency is also eyeing a $3.60 breakout if buying interest ￰7￱ of Cooling Momentum Adding to concerns is the recent decline in on-chain ￰8￱ shows XRP transactions have dropped sharply from a recent peak of 11.7 million, a sign that user activity and network demand may be cooling off.

On-chain health often acts as a leading indicator for price momentum, and the dip in activity raises questions about whether XRP has the fuel to sustain a move ￰9￱ the bullish case to remain intact, Shaminem stresses that transaction growth will need to reverse and show renewed ￰10￱ Safety Net: Support Levels to Watch Despite the pullback, XRP’s technical foundation still looks relatively ￰11￱ support zones are positioned at approximately $2.81, aligned with the exponential moving average (EMA), and near $2.50, where the 200-day moving average (MA) provides a longer-term safety ￰12￱ long as XRP holds these levels, downside risk is considered manageable.

A clean defense of these supports would suggest that the broader uptrend remains intact, even if short-term volatility ￰13￱ the time of this writing, XRP was trading at the psychological price of $3, according to CoinGecko ￰14￱ Bullish Path Forward For bulls, the roadmap is clear: reclaim $3.10 with volume, secure a decisive daily close above it, and reignite on-chain ￰15￱ these factors align, XRP could quickly gather momentum for a rally toward $3.40 or ￰16￱ a move would not only invalidate the fakeout fears but also strengthen confidence that XRP is entering a new phase of market ￰17￱ XRP’s pullback below $3.10 has sparked uncertainty, but strong support suggests the battle isn’t ￰18￱ eyes are on $3.10, if bulls reclaim it with conviction, renewed momentum could drive the next leg higher.