XRP Price Stumbles Under $3, Bears Tighten Grip
- XRP slid under $3.00, hitting a low near $2.738 before consolidating below $2.80 and its 100-hourly SMA.
- Bulls must break $2.82–$2.90 to retest $3.00, while failure could extend losses.
- Key support zones sit at $2.72, $2.65, and $2.50, with deeper downside risk if these levels collapse.
XRP has stumbled back under the $3.00 mark, following Bitcoin and Ethereum into a bearish zone. Sellers dragged the token beneath $2.95 and $2.92, eventually pushing it below $2.85 and its 100-hour Simple Moving Average. The decline stretched further, touching $2.74 before buyers managed to hold the line. For now, XRP sits in consolidation, trading just under $2.80, with losses still weighing heavy.
Resistance Looms Around $2.82–$3.00
On the hourly chart, a bearish trend line has formed, creating immediate resistance at $2.80. Bulls face a tough battle here, with $2.82 standing as the first real barrier. If XRP can clear that level, the next stop is $2.85, followed by a possible push to $2.90. Breaking above $2.90 could open the path back toward the $3.00 zone, though sellers are likely to defend it aggressively.
Support Zones to Watch
If bulls can’t reclaim $2.82, the downside remains exposed. Initial support lies at $2.72, but if that level cracks, the next key zone is $2.65. A close below $2.65 could spell deeper trouble, potentially dragging XRP down to $2.60 or even $2.50. A fall under $2.50 would mark a serious momentum shift, leaving the token vulnerable to further bearish pressure.
The post XRP Price Stumbles Under $3, Bears Tighten Grip first appeared on BlockNews.
Read More
XRP Price Stumbles Under $3, Bears Tighten Grip
- XRP slid under $3.00, hitting a low near $2.738 before consolidating below $2.80 and its 100-hourly SMA.
- Bulls must break $2.82–$2.90 to retest $3.00, while failure could extend losses.
- Key support zones sit at $2.72, $2.65, and $2.50, with deeper downside risk if these levels collapse.
XRP has stumbled back under the $3.00 mark, following Bitcoin and Ethereum into a bearish zone. Sellers dragged the token beneath $2.95 and $2.92, eventually pushing it below $2.85 and its 100-hour Simple Moving Average. The decline stretched further, touching $2.74 before buyers managed to hold the line. For now, XRP sits in consolidation, trading just under $2.80, with losses still weighing heavy.
Resistance Looms Around $2.82–$3.00
On the hourly chart, a bearish trend line has formed, creating immediate resistance at $2.80. Bulls face a tough battle here, with $2.82 standing as the first real barrier. If XRP can clear that level, the next stop is $2.85, followed by a possible push to $2.90. Breaking above $2.90 could open the path back toward the $3.00 zone, though sellers are likely to defend it aggressively.
Support Zones to Watch
If bulls can’t reclaim $2.82, the downside remains exposed. Initial support lies at $2.72, but if that level cracks, the next key zone is $2.65. A close below $2.65 could spell deeper trouble, potentially dragging XRP down to $2.60 or even $2.50. A fall under $2.50 would mark a serious momentum shift, leaving the token vulnerable to further bearish pressure.
The post XRP Price Stumbles Under $3, Bears Tighten Grip first appeared on BlockNews.
Read More