XRP Tests $2.82 Support as $2.95 Resistance Holds
XRP price has failed to breach the key resistance zone at $2.95–$3.00, trading below the 100-hour Simple Moving Average and a bearish trend line. The token dipped to $2.82 support after struggling under the 61.8% Fibonacci retracement of the recent $3.095–$2.820 decline. Marginal recoveries remain capped under $2.9650. Technical indicators reinforce the downtrend: the hourly MACD is in bearish territory and the RSI sits below 50. Key support levels lie at $2.90, $2.85 and $2.78. On the upside, clear breaks above $2.95 and $3.00 are needed to shift momentum and target $3.05–$3.12. Failure to clear these barriers could trigger another drop toward $2.82 and possibly $2.78. Traders should monitor these levels for potential short-term bounces or further losses.
Bearish
The failure of XRP price to surpass key resistance levels at $2.95 and $3.00, combined with bearish technical indicators such as a negative MACD crossover and RSI below 50, indicates sustained selling pressure. In the short term, traders may experience increased downside momentum toward support zones at $2.82 and $2.78, prompting cautious or bearish trading strategies. Over the longer term, continued inability to reclaim these resistance barriers could consolidate XRP in a lower trading range, weighing on market confidence. Similar weakness in major cryptocurrencies reinforces the bearish outlook.