$XRP is currently trading at $3.364, down 2.95% on the day.

After a strong push up to $3.651, XRP got rejected and is now pulling back below the 50 MA ($3.444) and 7 MA ($3.414) on the 1-hour chart signaling weakness in the short term.

Price may test lower levels if bulls don’t step in soon.

Watch for a bounce from the $3.22–$3.17 zone (near the 100 MA). If price holds and volume picks up, a reversal could follow.

If not, expect more downside pressure.

Stay sharp.

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