XRP price Stalls at Resistance, Faces Key $2.81 Support
XRP price attempted to recover above the $2.80 support zone and remained above the 100-hour simple moving average. However, it stalled near resistance at $2.88–$2.92 and broke below a rising channel at $2.85.
The token now needs to hold $2.8120 to avoid further losses. Immediate resistance lies at the 61.8% Fibonacci retracement level of $2.9160, with upside targets at $3.00 and $3.05.
On the downside, a close below $2.80 could push the price toward $2.78, $2.74 and the $2.70–$2.65 support zone. Technical indicators show a slowing bullish MACD and an RSI dipping below 50, signalling a loss of momentum. Traders should monitor these key levels for clues on the next XRP price move.
Bearish
XRP price has failed to break above critical resistance at $2.88–$2.92 and slipped below its rising trend channel, signaling weakening momentum. The MACD histogram shows diminishing bullish momentum, while the RSI has fallen below 50, both pointing to potential further declines. In the short term, a breach of the $2.8120 support could trigger a slide toward the $2.70–$2.65 zone. In the medium term, unless the token can regain footing above the 100-hour SMA and the 61.8% Fibonacci retracement at $2.9160, bearish sentiment may persist. Traders should monitor these levels closely and consider risk management strategies amid the prevailing downside pressure.