XRP on the Edge — One More Drop Could Trigger a Freefall

XRP is struggling to break the key resistance at $3.00.

Price has fallen below $2.85 and the 100-hour SMA, indicating bearish momentum.

A negative trend line with resistance around $2.80 is forming on the hourly chart.

Bears pushed XRP down from $3.00 to a recent low of around $2.74.

XRP is consolidating below the 23.6% Fibonacci retracement of the recent drop.

Support levels to watch are $2.72 and $2.65; breaking below $2.65 could trigger a deeper drop toward $2.60 or even $2.50.

On the upside, resistance zones are at $2.80, $2.82, $2.85, and near $2.90.

Bulls need to clear above $2.82 to challenge higher resistance.

Technical indicators like the hourly MACD and RSI signal bearish momentum.

Basically, XRP is at a critical juncture—if it fails to hold $2.72-$2.65 support, a sharp drop could follow. Conversely, breaking above $2.82-$2.85 could trigger a recovery attempt toward $3.00.

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