🔻 XRP Eyes Monthly Low as Selling Pressure Mounts
XRP slips by 0.50% on Friday, extending Thursday’s 3.36% decline. The drop pushes XRP below the 38.2% Fibonacci level at $2.85, drawn from the $1.90 June 22 low to the $3.66 July 18 peak — signaling further downside risk.
Bearish case: XRP could test the $2.75 demand zone if selling pressure intensifies. Both the MACD and red histogram bars point lower, while the RSI at 41 trends toward oversold, reinforcing bearish momentum.
Bullish case: A recovery above the $3.00 psychological level could revive an uptrend toward the $3.66 peak.
👉 Momentum favors sellers for now, but $3.00 remains the key pivot for bulls.
