🧠 XRP Breaks $3 — What’s Driving the Sell-Off?

Under $3.050 barrier, XRP is falling. The price is below $3.00 and might fall further.

XRP is falling below $3.020 and $3.00.

The price is below $3.00 and the 100-hour SMA.

The hourly XRP/USD chart shows a negative trend line with resistance at $3.00.

If below $3.10, the pair may continue to fall.

Prices Fall for XRP

XRP, like Bitcoin and Ethereum, stayed negative after closing below $3.120. The price fell below $3.00.

Price dropped below $2.920. The $2.850 support zone was tested last. The price is consolidating losses below the 23.6% Fib retracement line of the bearish move from the $3.095 swing high to the $2.850 low.

The price is below $3.00 and the 100-hour SMA. Price may find resistance at $2.90 on the upside. Near $2.920 is the first big resistance.

A clean break over $2.920 might push the market above $3.00. On the hourly XRP/USD chart, a negative trend line with $3.00 resistance is formed. The downward move from the $3.095 swing high to the $2.850 low is near the 50% Fib retracement level.

More advances might push pricing toward $3.050 barrier. The bulls may face a severe test at $3.120.

More downside?
XRP may fall again if it fails to break $2.920. Around $2.850 is first downward support. Near $2.80 is the next important support.

If the price breaks down and closes below $2.80, it may fall near $2.740. A greater drop might occur below $2.720, the next significant support.

Tech Indicators

The hourly MACD for XRP/USD is moving bearishly.

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

Major Support Levels: $2.850, $2.740.

Two major resistance levels: $2.920 and $3.00.

#xrp #PowellWatch #AltcoinSeasonLoading #MetaplanetBTCPurchase #Write2Earn $XRP $BTC $ETH