XRP Slides Below $3.00 as Bears Target $2.58 Amid Resistance at $3.10
XRP price has sunk below the $3.00 support and key moving averages, signaling further downside risk. The token broke under the 100-hour and 50-day SMAs after failing to sustain gains above $3.05. It plunged to a low near $2.82, breaching the 76.4% Fibonacci retracement of the $2.78–$3.13 rally. Immediate resistance sits at $2.90, followed by hurdles at $2.98 and $3.10.
A decisive break above $2.98 could open the door for a rebound to $3.12–$3.20 or higher to $3.25–$3.50. On the downside, failure to hold the $2.78 support may accelerate the slide toward the 61.8% Fibonacci retracement at $2.58, and potentially deeper levels at $2.45, $2.325, or $2.20. Hourly MACD remains in bearish territory, and RSI sits below 50, underlining negative momentum. Traders should closely watch these technical levels to inform short-term trading decisions.
Bearish
The combined analysis points to a bearish outlook for XRP price. The token’s failure to hold key supports at $3.00 and subsequent breaks below major Fibonacci retracement levels, along with bearish MACD and RSI signals, indicate sustained downward momentum. In the short term, XRP is likely to face further selling pressure toward $2.58 and lower targets if it cannot reclaim resistance levels at $2.98–$3.10. While a decisive move above $3.10 could trigger a recovery, current technical indicators favor additional downside, making the near-term market environment challenging for bulls.