$XRP is facing headwinds just below key resistance at $3.020, as price action cools off after a strong upward run. The pair recently peaked near $3.106 and is now pulling back, testing crucial short-term support zones. Can bulls recharge for the next breakout?
🔹 What’s Happening?
After rallying from the $2.730 swing low all the way to $3.106, XRP is now in correction mode. Price dropped below $3.00 and even tested the $2.920 support zone. So far, buyers are trying to hold the line.
📉 On the hourly chart, XRP is trading below a key bearish trendline with resistance around $3.020. The 100-hourly Simple Moving Average (SMA) and the Fib 50% retracement level at $2.980 are also acting as near-term barriers.
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⚔️ Key Levels to Watch
Resistance Zones:
$2.980 – Short-term barrier near 100-SMA
$3.020 – Trendline resistance
$3.10 – Major breakout level
$3.120 – If broken, next push likely toward $3.18–$3.20
$3.250 – Big test zone for bulls if rally continues
Support Zones:
$2.920 – Holding steady for now
$2.880 – 61.8% Fib retracement support
$2.810 and $2.750 – Deeper support levels if breakdown continues
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🔍 Technical Indicators
MACD (Hourly): Bearish momentum building, MACD in negative zone
RSI (Hourly): Below 50 – signals weak momentum unless bulls step up
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🔮 What’s Next?
If $XRP can reclaim $3.020 and break through $3.10 with volume, we could see a fresh rally toward $3.18 and beyond. But failure to hold $2.880 could invite another leg lower toward $2.810 or even $2.750.
This is a critical inflection zone – bulls need to step in soon to prevent further downside.
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📌 Summary:
XRP is caught in a tug-of-war between bulls and bears near $3.00. A breakout above $3.10 will confirm strength, while a breakdown below $2.880 could open the gates for further selling.
Let’s see which side wins!
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