XRP Price Update Bounce Back or Another Drop?
Hey fam! Let’s take a quick look at what is happening with $XRP 👇
XRP recently dropped below $3.250, and right now it is struggling to stay strong. The price is sitting under $3.220 and even broke an important support level near $3.240 on the hourly chart.
But do not lose hope if XRP manages to stay above $3.080, we might see a bounce soon!
🔻 What Just Happened?
XRP dropped from around $3.330, just like Bitcoin and Ethereum.
It broke below key levels: $3.285, $3.250, and even $3.120.
Now it's under both $3.150 and the 100 hour SMA, which shows weakness in the short term.
What to Watch Next
First resistance is around $3.1680.
If bulls manage to push above $3.220, then $3.250 and maybe even $3.330 to $3.350 could be next! 🚀
A big breakout above $3.40 would be for the bulls!
⚠️ But Be Careful…
If XRP can’t hold $3.080, it could drop to $3.050 — and if that breaks, we might see a fall toward $3.020 or even $3.00.
Indicators:
MACD is looking bearish
RSI is below 50, which means momentum is still weak.
Key Support: $3.080, $3.050, $3.00
Key Resistance: $3.1680, $3.220, $3.250
Let’s see what the next move brings bounce or breakdown? 👀