📉 Price decline test at key support of #xrp , can it welcome a rebound?

Recently, XRP, like Bitcoin and Ethereum, attempted to break through the $3.30 area, but faced resistance at the high of $3.35 and failed to maintain the upward momentum📊. The price then began to correct downward and is currently testing the support level of $3.02💎.

From the hourly chart, XRP/USD has fallen below the key bullish trend line, with short-term support levels at $3.28, $3.25, and $3.15, forming a low at $3.031 after breaking down⚡. The price is rebounding from the high of $3.35 towards the low of $3.031 to the 23.6% Fibonacci retracement level, indicating that short-term recovery is underway.

Technical indicators show that the current price is below $3.12 and the 100-hour simple moving average, with upward movement likely encountering resistance around $3.10, and the first major resistance level at $3.15. Overall, XRP is oscillating near key support, and short-term investors need to pay attention to support and resistance levels, cautiously seizing rebound opportunities🔥.

📌 Summary: Whether XRP can welcome a new round of increases depends on whether it can stabilize at the support level of $3.02–$3.03; if maintained, there is potential for a rebound, but if broken, further corrections should be heeded.