⚡ XRP Battles $3.10 Wall, But Bears Still Call the Shots

Below $3.10 barrier, XRP is falling. Price is languishing at $3.050 and might go further.

XRP is falling below $3.150 and $3.10.

The price is below $3.10 and the 100-hour SMA.

The hourly XRP/USD chart shows a negative trend line with resistance at $3.070.

If it breaks $3.120, the pair may become bullish.
XRP Falls More

XRP, like Bitcoin and Ethereum, stayed negative after closing below $3.20. The price fell below $3.10 support.

The price fell below $3.00. The $2.950 support zone was tested last. Price produced a low at $2.941 and recently tried a rebound wave above the 50% Fib retracement line of the downward move from the $3.148 swing high to the low.

Bears were aggressive at $3.10 and the 76.4% Fib retracement level of the $3.148 swing high to $2.941 low decline. On the hourly XRP/USD chart, a negative trend line with resistance around $3.070 is formed.

The price is below $3.050 and the 100-hour SMA. Price may find resistance at $3.0450 on the upside. At $3.070, serious resistance begins.

A clean break over $3.070 might push the price above $3.120. More advances might push the stock near $3.150 barrier or the 50% Fib retracement level of the $3.350 swing high to $2.97 low. The bulls may face a severe test at $3.20.

More Losses?
XRP might fall again if it fails to break $3.070. Near $2.9420 is first downward support. Near $2.920 is the next important support.

A bearish break and closing below $2.920 might push the price around $2.850. A greater drop might occur below $2.80, the next significant support.

Tech Indicators

The hourly MACD for XRP/USD is moving bearishly.

Relative Strength Index hourly XRP/USD RSI is below 50.

Major Support Levels: $2.940, $2.880.

Major Resistance Levels: $3.070, $3.10.

#xrp #Xrp🔥🔥 #MarketPullback #AltcoinSeasonLoading #StrategyBTCPurchase $XRP $BTC $ETH