🚨 XRP Faces Resistance — Bulls Fight to Keep Momentum Alive

XRP is reversing gains below $3.25. Price is consolidating and may go below $3.080 soon.

XRP struggles to break $3.250.

The price is below $3.250 and the 100-hour SMA.

The hourly XRP/USD chart broke below a crucial contracting triangle with support at $3.20.

The pair might rise again if it holds over $3.080.

Approaching XRP Price Vital Support

Like Bitcoin and Ethereum, XRP built a base above $2.920 and increased. Price accelerated past $3.20 and $3.25 barrier.

Bulls pushed the stock over $3.320 before bears entered. Price is correcting after hitting $3.380 high. Price fell below $3.250. The price fell below 23.6% Fib retracement of the $2.90 swing low to $3.380 high.

Additionally, the hourly XRP/USD chart broke below a crucial contracting triangle with support around $3.20. The price is below $3.220 and the 100-hour SMA.

Price may find resistance at $3.20 on the upside. First big resistance is about $3.220. A clean break over $3.220 might push the price beyond $3.2650. More advances might push the price toward $3.320 or $3.350. Near $3.450, bulls may face their next significant challenge.

More Losses?

Failure to break the $3.220 barrier zone might restart XRP's fall. Initial downside support is $3.120. The 61.8% Fib retracement level of the upward run from the $2.90 swing low to the $3.380 high is the next key support at $3.080.

A downward break and closing below $3.080 might push the price below $3.020. The next big support is about $3.00, where bulls may stand.

Tech Indicators

The hourly MACD for XRP/USD is moving bearishly.

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

Major Support Levels: $3.120, $3.080.

Major resistance levels: $3.220, $3.2650.

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