XRP Falls Below $2.90, Risks Drop to $2.65–$2.60
XRP price continues its decline after breaching key supports at $2.92 and $2.90, trading below the 100-hour Simple Moving Average and confined by a bearish trend line around $2.92. Immediate support lies at $2.78 and a critical floor at $2.7150; a drop below $2.7150 could push XRP toward $2.65 and $2.60. Technical indicators reinforce this bearish outlook: the hourly MACD is in negative territory with rising bearish momentum, and the RSI remains below 50. On the upside, resistance levels to watch are $2.880, $2.90 and $2.95—only a decisive break above $2.90 could open the way to $3.00. Traders should monitor these support and resistance levels and indicator signals to gauge the next move for XRP.
Bearish
The dual breaches of the $2.92 and $2.90 support levels, combined with XRP trading below the 100-hour SMA and confined by a bearish trend line, indicate sustained downward pressure. Technical indicators—an increasingly negative MACD and an RSI below 50—confirm bearish momentum, suggesting that traders may push the price toward $2.65 and potentially $2.60 in the near term. Unless XRP can reclaim the $2.90–$2.95 zone and overcome the bearish pattern, market sentiment is likely to remain cautious, limiting recovery prospects over both the short and medium term.