XRP shows signs of a healthy reset amid cautious trader positioning, with key support holding, highlighting a solid entry opportunity ahead.
XRP is navigating a crucial support zone around $3. On-chain and technical signals point to a healthy market reset rather than an overheated blowoff. The crypto market pulled back about 1.78% after a strong risk-on rally, leaving a bit of uncertainty as traders digest recent gains and reassess positioning.
The key question remains: Is XRP trading too hot right now, or does this dip actually offer a killer chance to load up?Looking at XRP’s chart, the longer it chops sideways, the bigger the punch when it finally breaks out of a downtrend. Case in point: Mid-July, XRP blasted up to $3.60, clearing resistance levels we hadn’t seen since last year’s election rally. However, it then rolled over hard, carving out three lower lows and failing to hold above the $3 support zone. That leaves the latest 5% daily pullback at a critical pivot. A bounce here could reignite upside momentum; a drop could deepen the slide, with $2.95 acting as the key safety net..If the technical cracks start showing up in on-chain data, XRP stays vulnerable as traders reset positions, which usually means less juice for quick pumps, making it less appealing. But if this dip holds above key support and on-chain metrics stay steady, that’s a green flag. It meansOn the weekly chart, $3.30 stood as the immediate hurdle. XRP bulls need to break and hold above this level to set sights on $3.60.the $1 billion mark at $3.30, unlike at $3.60, where that peak triggered a brutal 23% sell-off in just two weeks.The NVT ratio confirmed the difference: it surged to 167 at $3.60, the highest since last year’s election rally. Even with the risk-on vibe, Open Interest didn’t blow past $10 billion. It stalled at around $8.5 billion, which points to traders keeping their exposure in check and avoiding a leverage overload.Ritika Gupta Ritika Gupta is a Financial Journalist and Geopolitical Analyst at AMBCrypto, specializing in the critical intersection of world politics, economic policy, and the cryptocurrency markets. Her analysis is informed by her distinguished background, which includes professional experience at major news network. She holds a Bachelor's degree in Political Science and Psychology from Gargi College, University of Delhi. This academic training provides her with a sophisticated framework for dissecting complex issues such as international regulations, government fiscal policies, and the geopolitical forces that directly influence asset valuations. At AMBCrypto, Ritika applies this expert lens to synthesize macroeconomic data and political developments, offering readers a deeper context for market movements. She excels at explaining not just what is happening in the market, but why it is happening. Her work is dedicated to providing strategic insights that empower readers to understand the complex relationship between global events and their digital assets.Subscribe to get it daily in your inbox.
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