XRP Analysis – Bearish Grip Tightens Near $3.19

Recent Developments & Sentiment

• Resistance at $3.19–$3.20: $XRP has repeatedly failed to break above the 20-day moving average at $3.19, signaling that bearish pressure remains strong around this level. 

• Resistance Confirmed by Volume Profile: On-chain data shows that $XRP is encountering structural resistance near $3.20, with meaningful support only emerging below $2.48, reinforcing the bearish outlook near current levels. 

• Weak Technical Indicators: The Tom DeMark Sequential indicator generated a sell signal at a recent high near $3.60, adding to downside risks.  Moreover, the MACD has turned negative, signaling growing bearish momentum.

$XRP is trapped under the $3.20 barrier, facing heavier bearish pressure. Key technical indicators are tilting downward, and unless bulls can reclaim and hold above this level, the token is vulnerable to testing lower support—potentially below $2.48. A break below that threshold, especially with compromised technicals, could fuel further declines.