XRP is under heavy pressure, trading below $3.15 support and testing the crucial $3.00 zone. If bulls don’t step in soon, we could see deeper losses on the charts. 📉
📊 Current Market Snapshot:
XRP slipped under $3.20 and $3.15 support levels.
Price now trades below $3.05 and the 100-hour SMA.
A bearish trendline resistance has formed near $3.06.
🔼 Bullish Scenario:
If #XRP manages to break past $3.06, momentum could shift. A push above $3.12 may open the gates toward $3.15 and possibly retest the $3.20 barrier. This would align with the Fib retracement zone, making it a make-or-break level for the bulls.
🔽 Bearish Scenario:
Failure to clear $3.05–$3.06 resistance could trigger another leg down. Key support lies at $2.96. Below that, XRP could tumble toward $2.92 and even $2.85. If selling intensifies, a slide under $2.80 can’t be ruled out.
📉 Technical Indicators:
MACD: Bearish momentum building.
RSI: Sitting below 50, showing weakness.
⚡ Conclusion:
#XRP is at a critical crossroads. A breakout above $3.06 could spark a bullish recovery, while rejection might drag it toward new lows under $2.92.
🔥 Traders, buckle up! Volatility is about to hit hard. Do you see XRP bouncing back or sliding deeper? 🐂🐻