Altcoins News
By Maheen Hernandez
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XRP Slides Below Key Support. According to recent price data, XRP began pulling back from the $3.
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Short-Term Resistance Zones. While the price is currently consolidating below recent highs, it’s not entirely without bullish…
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Possibility of Another Leg Down. On the flip side, if XRP fails to overcome the $3.25 resistance area, the chances of another drop…
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Technical Indicators Show Bearish Bias
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Support and Resistance Levels to Watch
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Final Thoughts. XRP’s short-term outlook appears fragile as technical indicators tilt toward bearish conditions.
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XRP’s recent price action suggests that bulls are losing control after failing to hold key support above $3.25.
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Over the past several hours, XRP slipped below a crucial support trendline and key moving averages. This downturn followed a failed attempt to break above the $3.
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According to recent price data, XRP began pulling back from the $3.33 area and broke below multiple short-term support levels, including $3.28 and $3.25.
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The most notable technical shift occurred when the price broke below a rising trendline that had been offering support on the hourly chart.
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At the time of writing, XRP is trading under $3.15, and the hourly Relative Strength Index (RSI) has fallen below the neutral 50 level—another indication that bearish pressure is…
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While the price is currently consolidating below recent highs, it’s not entirely without bullish potential. If XRP can recover and push past $3.
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Beyond that, further gains could take the price to $3.25. A strong move through that resistance may allow XRP to revisit its recent peak of $3.
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However, as of now, each of these levels poses a potential barrier to upward movement. Without renewed buying interest, XRP may struggle to push higher.
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On the flip side, if XRP fails to overcome the $3.25 resistance area, the chances of another drop increase. The immediate downside support lies at $3.
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