XRP Faces Tug-of-War at $3.04 as Bid and Ask Walls Tighten
XRP is moving into a decisive zone on the daily chart, where both bullish and bearish forces are wrestling for control.
The recent price action has seen XRP hovering around the $3.04 mark, with a string of muted closes suggesting consolidation after a volatile start to the week. Traders now look to both technical indicators and order book walls to assess whether the token is gearing up for a breakout or a deeper correction.
XRP Technical Outlook
The 9-day EMA is running just under the current price action, while the 20-day EMA remains slightly above. This signals indecision, as shorter-term momentum is trying to push upward, but mid-term pressure is still holding back the bulls.
Daily chart for XRP/USD (Source: GeckoTerminal)
The MACD continues to trend in negative territory, though its histogram shows the bearish momentum is gradually easing — a sign that sellers may be losing steam. Meanwhile, the RSI sits in neutral ground, reflecting a balanced but fragile sentiment where neither side has a clear upper hand.
If momentum tips bullish, XRP must first clear resistance at $3.1276, followed by heavier overhead levels at $3.2922 and $3.3197. Failure to reclaim those zones could leave XRP vulnerable to downside tests of support at $3.0223, with deeper cushions set at $2.7695 and $2.3531.
Order Book Insights
The order book provides a crucial near-term map of where the price could move next.
On the downside, a substantial bid wall sits at $2.9600 with more than 348,000 XRP. Should this wall give way, XRP could quickly lose about 2.7% as liquidity gaps open up. Another critical layer lies at $2.9500, where more than 200,000 units support the price; breaking it could trigger a steeper decline of over 3%.
On the upside, resistance is clearly marked by stacked asks. At $3.0620, over 435,000 units are waiting to sell, meaning bulls must absorb significant pressure to move higher. Clearing this could provide room for a modest 0.65% gain toward the next resistance.
The real challenge lies at $3.1000 and $3.1100, where combined asks of nearly 800,000 XRP could block further upside unless strong buying demand emerges.
Bullish and Bearish Scenarios
For bulls, the path forward is to hold above $3.02 and build strength to attack the $3.10–$3.13 range. A successful breakout above these barriers could open the way to the $3.29 region and beyond, setting up a renewed rally.
On the bearish side, any failure to defend the $3.02 level would expose the market to cascading losses if bid walls at $2.96 and $2.95 collapse, making $2.77 the next logical test.
Trading Considerations
Potential long entries may look attractive if XRP can firmly establish support above $3.02, with exits near $3.13 or $3.29 depending on momentum strength. Conversely, short traders may find opportunities if the price loses the $2.96–$2.95 zone, aiming for deeper downside toward $2.77 while managing risk around the $3.02 resistance flip.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
