#Ripple
$XRP Price Update: Bearish Pressure Mounts as Support Levels Tested
XRP is facing downward pressure, slipping below $2.90 and trading under the 100-hourly SMA. A key bearish trend line at $2.880 is capping gains on the XRP/USD hourly chart (Kraken data).
š Current Price Action:
ā¢ XRP tested $2.8320 and briefly recovered above the 23.6% Fib retracement ($3.05 high to $2.8320 low).
ā¢ Bears are defending $2.920 resistance, with $2.880 acting as a critical hurdle.
ā¢ Failure to break $2.920 could trigger a drop toward $2.80 or lower to $2.7250-$2.60 if support breaks.
š Bullish Scenario:
ā¢ A clear move above $2.920 could push XRP toward $2.950 or $3.00, with $3.05 as the next major target.
ā ļø Key Levels to Watch:
ā¢ Support: $2.820, $2.80, $2.7250, $2.65
ā¢ Resistance: $2.880, $2.920, $2.950
š Technical Indicators:
ā¢ Hourly MACD: Gaining bearish momentum.
ā¢ Hourly RSI: Below 50, signaling weakness.
Will XRP hold above $2.80, or are bears set to drive prices lower? Stay tuned! š”
