XRP Price News: Rejected at $2.93, Tests $2.85 Support After Failed Breakout

XRP recently faced rejection at $2.93 and is now testing the support level at $2.85 after a failed breakout attempt. Following a short-lived spike above $2.90 that coincided with high trading volume, profit-taking led to a decline, closing at $2.85. This pattern established a new supply zone between $2.92 and $2.93, while selling pressure has turned the previous support of $2.86 into resistance. Traders are currently monitoring macroeconomic factors and regulatory developments that could influence future price movements. The significant areas to watch include whether the $2.85 support holds, a potential retest of the $2.92-$2.93 zone, and impacts from Fed policy expectations and trade tensions. Despite the short-term bearish momentum, longer-term institutional accumulation and regulatory clarity could support XRP's positioning in the market.

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