ā” XRP Faces Heavy Resistance at $3.10 ā Bears Still in Control
XRP continues to struggle below the $3.10 barrier, with price action hovering near $3.05 and showing signs of further downside.
š¹ The pair is trading below $3.10 and the 100-hour SMA.
š¹ A clear bearish trend line has formed on the hourly XRP/USD chart, with resistance near $3.07.
š¹ A breakout above $3.12 could flip momentum back in favor of the bulls.
Price Action Recap
Like Bitcoin and Ethereum, XRP stayed under pressure after losing the $3.20 support. The decline extended below $3.00, briefly testing the $2.95 zone and marking a low at $2.941.
A recovery attempt was made, but sellers stepped in near $3.10, which also aligned with the 76.4% Fib retracement level of the $3.148 ā $2.941 move. The bearish trend line around $3.07 remains a key hurdle.
Currently, XRP trades below $3.05 and the 100-hour SMA. Resistance levels lie at $3.045 and $3.07 ā a breakout above could spark a move toward $3.12, then $3.15, with a major test waiting near $3.20.
Downside Risks
If XRP fails to reclaim $3.07, bears may push price lower again. Immediate support sits at $2.94, followed by $2.92. A decisive break under $2.92 could accelerate losses toward $2.85, and potentially $2.80.
Technical Indicators
š MACD: Bearish momentum building.
š RSI: Below 50, signaling weakness.
š Key Support Levels: $2.94, $2.88
š Key Resistance Levels: $3.07, $3.10
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