The XRP price is currently holding above $2.70, showing signs of recovery, following Bitcoin and Ethereum. The asset managed to break through key resistance levels at $2.75 and $2.80, but further growth is facing serious difficulties.
In particular, the price is struggling to stay above the $2.850 zone. Recently, the market demonstrated another bearish reaction, rolling back below $2.820. As a result, XRP fell below the 50% Fibonacci retracement level, calculated from the local low of $2.70 to the peak of $2.887.
Currently, quotes are trading below $2.820 and the 100-hour simple moving average. If the bulls manage to hold support near $2.780, another attempt at growth is possible. However, on the way up, they will again encounter resistance near $2.820. It's worth noting that a bearish trend is forming on the hourly XRP/USD chart, with resistance at $2,818.
The nearest significant barrier is located at $2,850. A confident breakout of this level will open the way to the next targets: $2,880 and, potentially, the psychologically important $3.00 mark. This could be followed by another serious test: the resistance zone at $3,050.
Downside risks
If XRP fails to consolidate above $2,820, the likelihood of a continued downward movement increases. The first target in this scenario will be support at $2,780, which coincides with the 61.8% Fibonacci retracement of the same impulse ($2,70 → $2,887). Investors' attention will then shift to $2,744.
A break below this level could trigger a deeper correction—all the way to $2,70. If the bulls weaken further, the primary target will be around $2,650, where a stronger bearish momentum is possible.
Technical signals
The MACD indicator on the hourly timeframe remains in negative territory, gaining bearish momentum. The Relative Strength Index (RSI) also remains below 50, confirming prevailing selling pressure.
Key benchmarks:
- Support: $2,780 and $2.70
- Resistance: $2,850 and $2,880
Thus, XRP is in a state of uncertainty: the outcome of the battle around $2,820–$2,850 will determine whether the asset continues to recover or comes under bearish pressure again.