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The cryptocurrency market has inched higher over the last 24 hours, with most of the top assets trading in the green. Bitcoin continues to lead, holding above $111,000, supported by strong daily trading volumes. Ethereum also pushed higher, crossing $4,600. $XRP managed to hold around the $3 mark, rising 5% in the last 24 hours.
Weekly Chart Shows Clear Warning Signs
On the weekly timeframe, $XRP continues to display a strong bearish divergence that analysts have been observing for weeks. This pattern first became clear when $XRP traded around $3.40, and since then, the coin has struggled to maintain upward momentum. Historically, such divergences have often preceded sharp corrections. The last time $XRP saw a similar setup was in late 2020, which was followed by a 60% decline over several months.
$XRP is also moving sideways without a clear direction. While minor rebounds have appeared, the overall market structure leans weak. The analyst said that this price behavior mirrors conditions seen earlier this year, when $XRP came under pressure before staging its next move.
Important Levels to Watch
$XRP has immediate support between $2.85 and $2.90. If that level breaks, the price could slip toward $2.75. Stronger support is found between $2.55 and $2.62.
On the upside, resistance remains heavy at $3.10, where $XRP has faced repeated rejection. A successful breakout above that could open the path toward $3.35 to $3.40.
$XRP’s fate is closely tied to Bitcoin and overall market sentiment. If Bitcoin continues to weaken, $XRP and other altcoins could face further downside pressure. However, if Bitcoin dominance falls, some altcoins may hold up slightly better.