Altcoins News
By MikeT
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XRP Fails to Hold Key Levels. After failing to maintain momentum above $2.950, XRP entered a bearish phase, declining below $2.
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Resistance Levels to Watch. For any potential recovery, XRP must overcome several key resistance zones.
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Downside Risks and Key Support. On the downside, XRP faces immediate support at $2.780, which aligns with the short-term…
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Technical Indicators Highlight Bearish Momentum. Technical charts show that XRP is currently trading below the 100-hourly SMA, suggesting…
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Market Outlook. XRP’s near-term outlook is cautious, with the potential for additional downside if bearish…
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Conclusion. XRP is under pressure as it fails to maintain the $2.
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XRP is showing signs of renewed weakness as the price struggles to hold above $2.85, signaling a potential continuation of the short-term downtrend.
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After failing to maintain momentum above $2.950, XRP entered a bearish phase, declining below $2.920 and subsequently breaking the $2.90 support.
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Currently, the price is consolidating near $2.780, slightly below the 100-hourly Simple Moving Average, while a bearish trend line forms with resistance at $2.
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For any potential recovery, XRP must overcome several key resistance zones. The first resistance sits near $2.8350, followed by $2.880, which aligns with the 23.
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Beyond $3.00, bulls would face the next hurdle around $3.050, which, if surpassed, may signal a potential reversal of the current downtrend.
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On the downside, XRP faces immediate support at $2.780, which aligns with the short-term consolidation zone. A break below this level would expose the next support near $2.
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If XRP closes below $2.650, the selling pressure could intensify, potentially driving the price toward $2.60.
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Additionally, the 23.6% Fibonacci retracement level at $2.850 has acted as a resistance zone, further limiting recovery attempts.
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Any significant rebound would require clearing the $2.880–$2.950 resistance corridor, which could shift market sentiment toward a more bullish phase.
The Currency Analytics
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