NewsBTC
20 August 2025
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XRP Price Declines Below $3.00, Faces Bearish Pressure

XRP price is experiencing bearish momentum, struggling below the $3.00 threshold and facing potential further losses.

  • XRP is trading below $3.020 and $3.00.
  • It is also below the 100-hourly Simple Moving Average.
  • A bearish trend line is forming, with resistance at $3.00.
  • The price could decline further if it remains below $3.10.

XRP Price Analysis

XRP has declined after closing below $3.120, joining the downward trends of Bitcoin and Ethereum. It has tested support levels below $2.920, reaching a low of $2.850.

Currently, XRP is consolidating losses beneath the 23.6% Fib retracement level from the recent high of $3.095 to the low of $2.850. Resistance is expected near $2.90 and major resistance at $2.920.

A move above $2.920 may target the $3.00 resistance. A bearish trend line is near the 50% Fib retracement level from the same downward move.

XRP Price

Outlook for Further Declines

If XRP does not surpass the $2.920 resistance, it may face a new decline. Initial support is at $2.850, with major support near $2.80.

A close below $2.80 could lead to further declines toward the $2.740 level, with significant support at $2.720.

Technical Indicators

  • Hourly MACD indicates increasing bearish momentum.
  • Hourly RSI is below 50.
  • Major Support Levels: $2.850 and $2.740.
  • Major Resistance Levels: $2.920 and $3.00.