XRP Technical Structure Breaks Down – $3.00 Support Falls
Bearish | Immediate Downside Risk
Technically, XRP has entered a vulnerable phase. Price broke below the $2.94 level, which aligned with the 78.6% Fibonacci retracement of the July rally (from $2.18 to $3.66).
This level had acted as strong support for weeks, and its failure triggered a cascade of stop-loss orders and algorithmic selling.
Key indicators confirm bearish momentum:
RSI(7): 27.3 – deeply oversold, but without bullish divergence, suggesting no imminent reversal
MACD: Bearish crossover with a declining histogram at -0.0396
Volume spiked on the downside break, confirming distribution
The breach invalidates the prior bullish structure and opens the door for further downside.
With $3.00 now acting as resistance, the next major support lies at $2.60, a 10.7% drop from current levels.
Critical Levels:
Resistance: $3.00 (reclaiming this level could spark short-covering)
Support: $2.81 (breakdown accelerates if violated), then $2.60
XRP$XRP
2.8968
-4.17%
