XRP Holds Steady Near $2.94 As Weekly Support Remains Critical

XRP trades at $2.96, down 5.6% in 24h, with price tightly range-bound between $2.95 support and $3.14 resistance.

The $2.94 weekly support level remains critical, having absorbed repeated selling pressure during recent declines.

XRP’s BTC pair shows 2.6% gains, reflecting relative resilience despite weakness in its dollar valuation.

Recent weakness has seen XRP tighten around a crucial support area, with the current price action limited between $2.94 and $3.14. Over the last 24 hours, the cryptocurrency experienced a decline of 5.6% and the current price is set at $2.96 . This decrease is observed after recent volatility and it is necessary to stress out the role of the $2.94 price support during each week. This is another point that has been keeping analysts on their toes as it has soaked up selling volumes in the past sessions and is a major point of concern.

Price Activity and Market Levels

In recent trading periods, XRP has faced significant resistance at $3.14, stopping upward movement from continuing any further. The support level of $2.95 remained resilient during downtrends, offering temporary stability. Within the last 24 hours, XRP fluctuated within a range of $2.95 and $3.14. The restricted range indicates consolidation within a well-defined range.

At the same time, XRP is at 0.00002572 BTC, up 2.6% against Bitcoin. This cross action indicates relative strength when dollar valuation is under pressure. However, the larger context is still focused on whether XRP can hold on above the $2.94 weekly support.

Technical Patterns and Resistance

Notably, XRP has formed a structure where weekly support and short-term resistance continue to define market direction. The weekly chart shows repeated tests of the $2.94 region, each acting as a stabilizing point. Meanwhile, $3.14 resistance continues to limit upward price action, capping multiple attempts at recovery.

The presence of both support and resistance within such close proximity emphasizes the importance of these levels. A sustained hold above $2.95 keeps XRP within range-bound trading conditions. Conversely, the inability to break $3.14 leaves the market contained for now. This pattern highlights how defined levels are guiding price behavior.

XRP Consolidates as $2.95 Support Defines Near-Term Trading Range

Attention remains centered on the immediate reaction near $2.94. This weekly support is crucial, as repeated tests strengthen its relevance in the current trend. Market participants continue to monitor intraday movements within the $2.95–$3.14 band. This zone has consistently absorbed pressure from both buyers and sellers, shaping the ongoing consolidation.

With daily losses of 5.6% and visible resistance overhead, XRP trades cautiously within its defined parameters. However, the $2.95 support remains the central focus for near-term direction. The market continues to observe how activity unfolds around this area in upcoming sessions.