XRP Price Struggles Below $2.850 Resistance Amid Bearish Trends

XRP Price Update

XRP is struggling to recover above $2.850 and is currently trading below $2.820.
A bearish trend line is forming with resistance at $2.8180 on the hourly chart.
If XRP remains below $2.850, it may decline further.

After a brief recovery above $2.75 and $2.80, XRP has encountered difficulty maintaining its position above the $2.850 resistance. Recent price movements have seen it dip below the 50% Fib retracement level from the $2.70 low to the $2.887 high.

The price is positioned below the 100-hourly Simple Moving Average. Support levels are identified at $2.780 and $2.70, while resistance exists at $2.850 and $2.880. If support fails, XRP could drop toward $2.650.

Technical Indicators show:

MACD indicates increased bearish momentum.
RSI is below the 50 level.

Monitoring these levels is critical for potential price movements.