⏳ XRP Recovery Pauses — Is a Deeper Correction Coming?
Below $3.00 barrier, XRP is falling. Price is battling to get over $2.950 and $3.00.
XRP is falling below $3.00 and $2.950.
The price is below $2.950 and the 100-hour SMA.
The hourly XRP/USD chart shows a negative trend line with resistance at $2.9650.
If below $3.00, the pair may continue to fall.
XRP Price Recovery Challenges
XRP, like Bitcoin and Ethereum, stayed negative after closing below $3.050. The price fell below $3.00.
The price fell below $2.90. The $2.820 support zone was tested last. The price just recovered from a low of $2.820. Price rose over $2.90. The price broke the 50% Fib retracement level of the $3.095 swing high to $2.820 low decline.
However, bears are aggressive below $3.00 and the 61.8% Fib retracement line of the $3.095 swing high to $2.820 low. The hourly XRP/USD chart shows a negative trend line with resistance at $2.9650.
The price is below $2.950 and the 100-hour SMA. The price may find resistance at $2.950 on the upside. Near $2.9650 is the first significant resistance.
A clean break over $2.9650 might push the market above $3.00. More advances might push pricing toward $3.050 barrier. The bulls may face a severe test at $3.120.
Another Fall? XRP may fall again if it fails to break $2.9650. The downside has first support at $2.90. Near $2.850 is the next important support.
If the price breaks down and closes below $2.850, it may fall toward $2.820. A persistent slide might occur below $2.780, 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.
Bullish Analysis of XRP: Has the Rally Already Started?
In recent weeks, XRP has shown signs that fuel expectations of a sustained bullish movement. The Ripple token, which had remained in a consolidation range for months, is starting to attract investors' attention again thanks to both technical and fundamental factors.
📈 Technical Outlook: The price has found solid support in the $0.50 – $0.55 zone, a level that has acted as a floor on multiple occasions. Additionally, volume indicators suggest accumulation by major players. If XRP manages to break the key resistance at $0.65 – $0.70, it could pave the way for higher levels, even projecting targets close to $0.85 – $0.90 in the short term.
⚖️ Fundamentals Supporting the Rise: Ripple continues to expand its partnerships with financial institutions and international payment systems, reinforcing the real utility of XRP in cross-border transfers. Coupled with the relative regulatory clarity it has gained in the U.S., investors perceive less uncertainty around the token.
🌐 Market Sentiment: The combination of solid fundamentals, growing adoption, and a favorable technical scenario places XRP in a strategic position. If the crypto market in general maintains its positive trend, XRP could become one of the best-performing altcoins in the next quarter.
👉 Do you already have XRP on your radar? The bullish moment could be closer than it seems.
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