XRP Price Prediction Teeters on Edge: Will Bulls Defend Critical $3.12 Support or Face Sharp Decline?

XRP sits at a make-or-break moment as it tests crucial $3.12-$3.08 support after a strong 19.94% monthly rally, with traders eyeing potential breakout or breakdown scenarios.

XRP Price Action Shows Mixed Signals

XRP's been on quite a ride lately, surging nearly 20% over the past month to hit $3.186. But now comes the tricky part – can it hold onto these gains?

The crypto's currently dancing around that crucial $3.12 to $3.08 support zone that's got everyone's attention. According to recent analysis shared on social media, losing this area could spell trouble for bullish positions.

XRP managed to climb above its ascending trendline, suggesting the bulls still have some fight left. But every rally eventually faces a test.

Key Levels That Matter for XRP Price

Right now, XRP traders are watching two scenarios. On the upside, resistance sits around $3.356. If support at $3.12-$3.08 holds firm, we could see another push toward that $3.35-$3.36 zone.

But if sellers crack that $3.08 floor, XRP could tumble to the $2.80-$2.70 range pretty quickly. That's a significant drop that would wipe out recent gains.

Volume's gonna be the tell-tale sign. Strong buying interest near support suggests bulls are still in control. Weak volume on any bounce could signal trouble ahead.