#XRP# Still Faces Downtrend,📉 Bullish Outlook Remains Strong🐋🚀 ✅🌟Market Analysis: XRP Faces Resistance Amid Bullish Projections💎 After an 18% surge in early September, XRP's price has struggled to maintain its momentum, recently falling short of key resistance levels. The token peaked at approximately $3.18, climbing from $2.70, but was unable to sustain gains above the $3.20 mark. The recent rejection occurred near a four-hour fair value gap on the sell side, prompting a retest of the $3 support zone. 📢Following the Federal Reserve's interest rate cut on Wednesday, XRP failed 🔓to establish a higher high, with subsequent price action signaling short-term weakness. The asset is also losing ground against its 50-day simple moving average (SMA), adding pressure on near-term price stability. Traders closely monitor the $3.12 level, which previously acted as a crucial support point. A notable futures trader highlighted that bulls failed to defend this area, which could hinder the push toward $3.30 unless support is reclaimed. 👉✅XRP six-hour chart. Despite these short-term hurdles, broader on-chain data suggests bullish sentiment remains intact. Accumulation has been particularly evident in the $2.70-$3.00 range, indicating that long-term investors are building positions rather than exiting the market. Additionally, the Net Holder position change has been significantly positive since late August, following a period of profit-taking earlier in the summer. XRP Holder Net Position Change. 🚀✅XRP Realized Profit/Loss Ratio. The Realized Profit/Loss Ratio has also shifted favorably after a peak profit-taking phase in July. Recent sharp increases suggest increased investor confidence and the absorption of earlier selling pressures. This, coupled with sustained accumulation, paints a bullish long-term outlook for XRP. Key fractal patterns📈 further bolster optimism. XRP is exhibiting a repeating market fractal similar to its Q1 cycle, with the current low around $2.70 aligning with the Fibonacci golden pocket. This pattern indicates a potential rally of 60%-85% into Q4, suggesting XRP could reach the $5.00-$5.50 range.🎯 #Cryptostatistic# #MarketOutlooktoday# #ContentWriting# #GatePost#

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