XRP on the Edge — One More Drop Could Trigger a Freefall XR
jolly queen
Updated at: 3 days ago
{"content":"XRP on the Edge — One More Drop Could Trigger a Freefall
XRP is struggling to break the key resistance at $3.00.
Price has fallen below $2.85 and the 100-hour SMA, indicating bearish momentum.
A negative trend line with resistance around $2.80 is forming on the hourly chart.
Bears pushed XRP down from $3.00 to a recent low of around $2.74.
XRP is consolidating below the 23.6% Fibonacci retracement of the recent drop.
Support levels to watch are $2.72 and $2.65; breaking below $2.65 could trigger a deeper drop toward $2.60 or even $2.50.
On the upside, resistance zones are at $2.80, $2.82, $2.85, and near $2.90.
Bulls need to clear above $2.82 to challenge higher resistance.
Technical indicators like the hourly MACD and RSI signal bearish momentum.
Basically, XRP is at a critical juncture—if it fails to hold $2.72-$2.65 support, a sharp drop could follow. Conversely, breaking above $2.82-$2.85 could trigger a recovery attempt toward $3.00.
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