📊 XRP Stalled Below Resistance – Can Bulls Recharge?

XRP struggles to get over $3.020. The price is stabilizing and may fall below $2.920.

After rising from $3.10, XRP is correcting.

The 100-hourly Simple Moving Average and $2.980 are nearby.

The hourly XRP/USD chart shows a negative trend line with resistance at $3.020.

If it remains over $2.880, the pair may rise again.

Price Resistance for XRP

Like Bitcoin and Ethereum, XRP failed to rise beyond $3.10. Price made a short-term peak and fell below $3.020.

The price fell below $3.00. The price dropped below $2.950 and challenged the 50% Fib retracement line of the upward advance from $2.730 swing low to $3.106 high. However, bulls were active at $2.920.

The 100-hourly Simple Moving Average and $2.980 are nearby. Price may find resistance at $3.00 on the upside. The hourly XRP/USD chart shows a negative trend line with resistance at $3.020.

Around $3.10 is the first substantial barrier. A clean break over $3.10 might push the market above $3.120. More advances might push the price toward $3.180 or $3.20. The $3.250 zone may be the bulls' next significant obstacle.

Another Fall?

XRP may fall again if it fails to break $3.020. Near $2.920 is first downside support. The 61.8% Fib retracement level of the upward run from the $2.730 swing low to the $3.106 high is $2.880, the next significant support.

If the price breaks down and closes below $2.880, it may fall below $2.810 support. Bulls may mount a stand at $2.750, the next significant support.

Tech Indicators

Hourly MACD on XRP/USD is falling in the negative zone.

Relative Strength Index hourly XRP/USD RSI is below 50.

Major Support Levels: $2.920, $2.880.

Major Resistance Levels: $3.020, $3.10.

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