XRP is currently facing a tough battle to break through the $3.020 resistance level. After a recent correction from $3.10, the price is stabilizing with key support at $2.920 and a major support zone at $2.880.
Technical indicators are showing some bearish signals:
๐ The hourly MACD is in the negative zone.
๐ The hourly RSI is below 50.
A rebound could be on the cards if XRP holds above $2.880. However, a break below this level could lead to further declines toward the $2.750 support zone. On the upside, a clear breakout above the major resistance at $3.10 could push the price towards $3.180 or even $3.250.
Keep an eye on these key levels!
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