๐ง XRP Breaks $3 โ Whatโs Driving the Sell-Off?
XRP has slipped below the $3.05 barrier, showing weakness in the market. The price is now under $3.00 and trading below the 100-hour SMA, signaling more downside pressure.
๐ Whatโs Happening?
XRP failed to stay above $3.12, just like Bitcoin and Ethereum, which are also weak.
Price dropped below $3.00 and tested the $2.85 support zone.
On the hourly chart, thereโs a negative trend line with resistance at $3.00.
๐ Key Levels
Immediate Resistance: $2.92, then $3.00
Major Resistance: $3.05 โ $3.12 (big test for bulls)
Immediate Support: $2.85
Major Support: $2.80 โ $2.74
โ ๏ธ Whatโs Next?
If XRP fails to break $2.92, price could drop again.
A breakdown below $2.80 may open the way to $2.74 โ $2.72.
For recovery, XRP must break above $3.00, with stronger momentum needed to test $3.05 โ $3.12.
๐ Indicators
MACD: Bearish
RSI: Below 50 โ Sellers in control
๐ก Takeaway: XRP is struggling under $3.00. Unless buyers step in soon, the price could retest lower supports before any recovery attempt.
#xrp #PowellWatch #AltcoinSeasonLoading #MetaplanetBTCPurchase #Write2Earnโฌ $XRP
