XRP Price Drops Below $3.10 as Bears Eye $2.92 Support
XRP price don drop below key support levels afta e no fit maintain gains pass $3.15. The token slide pass $3.10 and $3.05, dem test the $3.00 area. E low mark dey for $2.971. The hourly MACD and RSI dey show say bearish momentum dey increase.
Resistance dey for $3.06, wey na bearish trend line dey define am. If e fit break clear pass $3.10, e fit shift bullish momentum go $3.15 or higher. For downside, strong support dey for $2.92 and $2.85. If e break under $2.92, e fit push XRP price go $2.80. Bulls need to regain the 100-hour moving average close to $3.05 to stabilize. Otherwise, further drop fit happen.
Technical indicators: MACD dey for bearish zone and RSI below 50. Key resistance levels: $3.05 and $3.15. Key supports: $2.92 and $2.85.
Bearish
Dis kain latest price action dey show say bearish pressure dey grow for XRP. E no fit break pass di $3.06 trend line resistance again like di last time wey traders sell finish for March when dem reject di key levels and dis cause di price to fall more. As MACD dey go down quick quick and RSI still under 50, di short-term outlook no balance. Traders fit eye $2.92 and $2.85 as di next kain target. If price close under $2.92 e fit cause stop orders to trigger and push XRP to $2.80. For di long term, XRP need to recover well well pass $3.05 and di 100-hour moving average to get di bullish waka back. Di same kind thing happen for Q1 2024, where only strong move pass 50% Fibonacci level weh at $3.15 fit make buying interest start again. So make sure say di price hold above di supports wey dem don mark because till den, market sentimant go still dey careful and e go dey look bearish.