XRP Price Stalls Below $3, Bears Dominate as Bulls Eye $3.05
XRP price has slipped below the $3.00 pivot and is trading under the 100-hour SMA, with bearish momentum reinforced by a negative MACD crossover and RSI below 50. A descending trend line around $3.02 caps any recovery while key resistance stands at $3.02, $3.05 and $3.12. Failure to clear these levels could see XRP price test support at $2.95, $2.92 and the 61.8% Fibonacci retracement near $2.88. Conversely, a break above $3.05 may open the path to $3.18 and $3.25. Traders should monitor these resistance and support levels for short-term signals and potential volatility.
Bearish
XRP price remains below the 100-hour SMA and has failed to clear a bearish trend line at $3.02, with technical indicators (MACD negative crossover, RSI <50) signaling continued weakness. Key resistance at $3.02–$3.12 is proving resilient, increasing the likelihood of further downside toward $2.95, $2.92 and the 61.8% Fibonacci retracement near $2.88. While a breakout above $3.05 could trigger a rebound, the current setup favors sellers in the short term, making the overall impact bearish for XRP trading.