🚨 XRP faces resistance: bulls struggle to maintain upward momentum

  • XRP has erased its gains by falling below $3.25. The price is currently consolidating and could soon slip below the $3.080.

  • XRP struggles to break through the $3.25 zone which acts as a major resistance.

  • The price remains below $3.25 and under its 100-hour moving average, indicating a loss of momentum.

  • The hourly XRP/USD chart shows a break below a significant consolidation triangle , whose support was around $3.20.

  • A sustainable rebound is only possible if XRP stays above $3.080. Without maintaining this key support, the crypto may continue its decline.

XRP approaches a major support

As with Bitcoin and Ethereum, XRP first established a floor around $2.920 before starting to rise. The price accelerated to surpass the $3.20 and then $3.25 levels. Buyers (the bulls) even managed to push the price up to around $3.38, but sellers (the bears) intervened at this level and halted the upward momentum.

After this peak at $3.38, the price of XRP began to correct. It fell below $3.25, erasing some of the recent gains. This decline corresponds to about a 23.6% Fibonacci retracement from the rise that went from $2.90 to the peak of $3.38 - a moderate correction in the context of the previous rally.

Furthermore, on the hourly chart of the XRP/USD pair, it is observed that a significant consolidation triangle has been broken downwards, with the support of this triangle located around $3.20. Following this technical break, XRP is holding below $3.22 and below its 100-hour simple moving average (SMA), indicating a weakening of short-term momentum.

Currently, the $3.20 level could act as resistance during the next rebound. The first real major resistance is around $3.22. If the price of XRP manages to rise above $3.22 decisively, it could regain positive momentum and aim for $3.2650 initially. Further progress would open the way towards $3.32, then possibly $3.35. Around $3.45, the bulls would face a significant obstacle, representing the next significant barrier on the path to a stronger recovery.

Will the decline continue?

Conversely, if XRP fails to surpass the $3.22 zone, selling pressure could intensify again. A prolonged pullback would see significant first support at $3.12. The next key support is around $3.08, this level approximately corresponds to the 61.8% Fibonacci retracement of the previous bullish wave (from $2.90 to $3.38).

If the price breaks below $3.08 and especially closes below this threshold, it could lead to a drop towards $3.02, or even to $3.00. Around $3.00, buyers may attempt to step in to defend this important psychological level and avoid a deeper correction.

Technical indicators

  • Hourly MACD – The MACD indicator on 1 hour for XRP/USD is in negative territory, signaling a short-term bearish trend.

  • Hourly RSI – The relative strength index (RSI) on 1 hour for XRP/USD is currently below the 50 mark, indicating weak momentum and an advantage to sellers.

  • Major supports – The support levels to watch are around $3.120 then $3.080.

  • Major resistances – The important resistance levels to break are around $3.220 then $3.2650.

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