🔍 XRP Testing Key Support — Can Bulls Defend the $3 Level?

XRP is currently under pressure, trading near $3.00 after breaking below the crucial $3.150 support. Momentum has clearly shifted bearish in the short term, and bulls are now fighting to prevent a deeper breakdown.

📉 Key Technical Overview:

• XRP has dropped below $3.20 and $3.150, slipping beneath $3.120 and the 100-hour SMA.

• A bearish trendline has formed on the hourly XRP/USD chart, with resistance at $3.060.

• If bulls can break above $3.10, it could shift sentiment and open the door for a potential rebound.

📊 Recent Price Action:

XRP attempted to climb above $3.250, following the moves of Bitcoin and Ethereum, but failed to hold gains. This triggered a reversal, pushing the price below $3.150, $3.120, and $3.10.

It recently tested the $3.00 support area, bottoming at $2.971. Currently, the price remains bearish and below the 23.6% Fib retracement level from the $3.350 swing high to the $2.97 low.

Resistance now lies around $3.020 and $3.050, with a stronger barrier near $3.060. A clean breakout above that level could push XRP toward $3.120, and possibly $3.150 — which aligns with the 50% Fib level. A move past $3.20 would be the next big test for the bulls.

⚠️ Downside Risk:

If XRP fails to reclaim $3.050, more losses could follow. Initial support lies at $2.965, followed by a key zone at $2.920.

A confirmed break below $2.920 may trigger a drop toward $2.850, and possibly lower — with $2.80 acting as the next major support level.

🔧 Technical Indicators:

• MACD (Hourly): Bearish momentum increasing

• RSI (Hourly): Below 50, showing weak bullish strength

🔑 Levels to Watch:

Support: $2.965, $2.920, $2.850

Resistance: $3.050, $3.060, $3.150

The next few candles will be key. If bulls can reclaim $3.060, it could shift momentum. But failure to hold $2.920 may lead to a deeper correction. Stay alert.

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