XRP is back at one of the most important price zones on the chart, the $3.00 level. Traders are watching closely to see if the token can finally break higher or if another rejection is coming.
Analyst Tara shared a breakdown on X (Formerly Twitter), pointing out that the Elliott Wave setup still isn’t complete and that the next move will decide whether XRP price pushes toward a new high or dips lower first.
XRP Price Faces Key Resistance
Right now, the XRP price is pressing into resistance around $2.99‑$3.00. This area matches the 0.382 Fibonacci retracement and has already turned back several rally attempts. If bulls can get a daily close above $3.00, the chart opens up to the next targets.
The first levels to watch above are $3.17‑$3.20, followed by $3.30‑$3.31. These line up with Fibonacci retracements and past supply zones.
If momentum builds, the next challenge sits at $3.59‑$3.65, where multiple Fib extensions cluster together. Tara also mentioned a possible run toward $3.95, which would set a new cycle high.
XRP Support Levels to Watch
If XRP can’t push through $3.00, the XRP chart shows clear downside levels to watch. Support sits just under the current price at $2.98.
Below that, $2.78 remains an important wave‑4 target, while $2.65 stands out as a “missed Fib” zone that Tara highlighted. A deeper correction could even retest $2.45, the base of the latest rally.
Looking at RSI, the indicator is sitting around 54, basically neutral. The key detail here is that there’s no bearish divergence, which leaves the door open for more upside. If RSI climbs above 60‑65 while XRP price clears $3.00, that would be a strong confirmation for the bulls.
What This Means for XRP
According to Tara, the big picture shows the macro 5th wave already reaching $3.65, but the subwaves still look unfinished. That’s why $3.00 is so important right now.
A clean break could lead XRP price toward $3.95, but failure here puts the focus back on $2.65. As Tara summed it up, everything still comes down to how Bitcoin moves next.