🚨 XRP Faces Key Resistance — Can Bulls Keep Momentum Alive?
XRP is pulling back after recent gains, currently trading below $3.25, with signs pointing to a potential dip toward $3.080 if support levels fail to hold.
🧭 Current Market Overview:
XRP is struggling to break past $3.250
Price is now trading below $3.250 and the 100-hour SMA
The hourly XRP/USD chart broke below a key triangle pattern, losing support near $3.20
Despite recent upward momentum, bears stepped in around $3.380, triggering a correction. Price has since retraced below the 23.6% Fib level of the $2.90 to $3.380 rally.
🛡️ Support & Resistance to Watch:
Immediate support: $3.120
Key support zone: $3.080 (61.8% Fib level)
Major downside level: $3.020, with a last line of defense near $3.00
If XRP breaks below $3.080, a deeper correction toward $3.020 or $3.00 is likely.
📈 Upside Potential:
First resistance: $3.20
Stronger resistance: $3.220 — a breakout above this could lead to $3.265, then potentially $3.320–$3.350
Major upside target: $3.450, where bulls may face a tough challenge
🔍 Technical Indicators:
MACD: Bearish crossover forming on the hourly chart
RSI: Below 50, showing weakening momentum
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📊 XRP must hold above $3.080 to avoid further downside. Bulls are still in the fight, but they need to act fast.
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