XRP Price Analysis: The $2.95 Critical Level

XRP is sitting at a make-or-break moment. After a recent pullback, the token is testing a key price level that could determine its near-term direction. Traders are zeroing in on $2.95—a threshold that lines up with important technical indicators and could signal whether bulls are ready to take control or if another leg down is on the horizon.

The $2.95 Level Explained

Right now, XRP is bouncing off support near $2.92, where buyers have stepped in after the latest drop. The price action shows an attempt to stabilize, with a recovery candle hinting at renewed demand. But the real test is whether that demand is strong enough to push through $2.95 and hold it.

What Happens Next

If XRP manages a clean daily close above $2.95, the next logical targets sit between $3.10 and $3.20. That's where traders will be watching for continuation or profit-taking. On the flip side, failing to break through could send the price back down to retest the $2.85–$2.90 zone, where previous support has formed.

A few things are feeding into this setup: the technical bounce after last week's sharp correction, the broader market mood—especially Bitcoin's recent steadiness—and the ongoing regulatory uncertainty that continues to add volatility to XRP's price swings.