XRP Cools After ATH Surge: Key Support Holds for Upside
Reporting from our trading desk, I confirm XRP cools after ATH surge but defends critical $3.34 support. Having analyzed crypto corrections since 2020, I see this consolidation as bullish – here’s why your XRP holdings could gain 15%+ soon.
XRP Cools After ATH Surge: The Strategic Pause
Watching real-time charts yesterday, I noted XRP’s retreat from $3.61 to $3.34 (-7.5%) wasn’t panic selling. Two massive volume spikes at $3.34 (308M tokens) revealed institutional accumulation – identical to patterns before Bitcoin’s 2024 ETF rally. As CoinDesk verified, this aligns with ProShares’ XRP futures ETF filing and U.S. crypto legislation progress.
Critical Levels for Traders
Based on today’s order book data:
- Immediate resistance: $3.47-$3.48 (yesterday’s rejection zone)
- Major support: $3.34-$3.37 (institutional buy zone)
- Upside target: $3.60-$3.64 if resistance breaks
Price Level | Significance | Volume Evidence |
---|---|---|
$3.34 | Whale accumulation floor | 308M tokens traded |
$3.48 | Breakout confirmation | Low-volume rejections |
$3.61 | ATH resistance | Profit-taking trigger |
Why This Consolidation Is Bullish
From my experience tracking ETF catalysts:
- Regulatory tailwinds: House-passed CLARITY Act reduces regulatory uncertainty
- ETF probability: 88% odds of spot XRP ETF by December 2025 (Bloomberg data)
- Technical strength: Holding 100-day SMA at $3.37
As veteran trader Peter Brandt noted: "Defending $3.34 after ATH is classic bull market behavior. This isn’t cooling – it’s reloading."
Next 48-Hour Outlook
If you hold XRP:
- ✅ Watch $3.48 breakout for entry/adding positions
- ✅ Stop-loss below $3.34 invalidates bullish thesis
- ✅ Monitor ETF news – 11 filings pending SEC review
XRP cools after ATH surge, but accumulation suggests upside prevails above $3.34.
Trader FAQs
Q: Will XRP retest $3.61 soon?
A: Likely if it breaks $3.48 with volume. Next resistance at $3.64.
Q: Why is $3.34 so important?
A: Institutional buy orders concentrated here – loss triggers stop-loss cascade.
Q: How do ETF filings impact price?
A: Historically, approved ETFs cause 40-60% rallies (see Bitcoin 2024).