XRP is struggling below the $3.20 and $3.150 levels, now tra
Rownak Amin
Updated at: 2 hours ago
{"content":"XRP is struggling below the $3.20 and $3.150 levels, now trading around the $3.00 mark. The price action suggests weakness, as it remains under $3.120 and the 100-hour SMA. On the hourly XRP/USD chart, a bearish trend line forms with resistance near $3.060. A move above $3.10 could trigger bullish momentum.
📉 Recent Action:
XRP attempted to break $3.250 like Bitcoin and Ethereum but failed. It then dropped under $3.150 and $3.10, testing the $3.00 support. A low formed near $2.971, with the pair now trading below the 23.6% Fib retracement level of the $3.350 swing high to $2.97 low.
📈 Upside Chances:
Immediate resistance lies near $3.020. Strong hurdles start at $3.050 and $3.060. A successful breakout above $3.060 may lift the price toward $3.120 and $3.150. If buyers gain strength, $3.20 could be the next major test.
📉 Downside Risks:
If XRP fails near $3.050, fresh losses may appear. Initial support is around $2.965, followed by $2.920. A breakdown under $2.920 could drag the price toward $2.850 or even $2.80.
⚡ Technical Outlook:
MACD (hourly) → Bearish momentum
RSI (hourly) → Below 50, signaling weakness
🔑 Support Levels: $2.920, $2.850
🔑 Resistance Levels: $3.050, $3.150
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