XRP Stalls Below Key Resistance – Can Bulls Regain Momentum?
XRP is facing tough resistance near the $3.020 level, with the price consolidating and showing signs of weakness that could push it below $2.920.
After peaking around $3.106, XRP has entered a correction phase. The 100-hour Simple Moving Average and the $2.980 zone are acting as nearby hurdles. The hourly XRP/USD chart highlights a descending trend line, with key resistance at $3.020.
If the price can hold above $2.880, a bullish rebound remains possible.
🔼 XRP Price Resistance Levels
Similar to Bitcoin and Ethereum, XRP struggled to break above the $3.10 mark. After forming a short-term top, it slipped below $3.020 and even lost the $3.00 handle.
The decline extended under $2.950, testing the 50% Fibonacci retracement level from the $2.730 swing low to the $3.106 high. However, bulls stepped in near $2.920.
The 100-hour SMA and $2.980 remain key near-term resistances.
The first major ceiling sits at $3.020.
A decisive breakout above $3.10 could trigger momentum towards $3.120, with further targets at $3.180, $3.200, and even $3.250.
🔽 Bearish Scenario: Another Dip Ahead?
If XRP fails to clear $3.020, it could face renewed selling pressure.
Initial support lies at $2.920.
Stronger support is seen at $2.880 – the 61.8% Fib retracement of the previous upward move.
A break below $2.880 may lead to a drop toward $2.810, and possibly down to the key support zone at $2.750.
📊 Technical Indicators
Hourly MACD: Gaining bearish momentum in the negative zone
Hourly RSI: Below 50, indicating weakness
Key Support Levels: $2.920, $2.880
Key Resistance Levels: $3.020, $3.10
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