XRP Price Struggles Below $3.00 Amid Bearish Pressure

XRP is facing challenges in maintaining its recovery above the $2.850 zone, struggling to surpass the $3.00 mark, and may drop below $2.80 again.

Price is trading near $2.90 with support at the 100-hourly Simple Moving Average.
A bullish trend line offers support at $2.850 on the hourly XRP/USD chart.
Resistance levels are present at $2.95, $2.9620, and $3.00.

XRP Price Dynamics

XRP gained support near $2.680, recovering past $2.80 and $2.85, outperforming Bitcoin and Ethereum. Despite this, resistance near $3.00 led to a price decline. The current trading level hovers around $2.90.

XRP Price

Potential Decline?

Failure to breach the $2.9620 resistance could lead to further decline.
Support at $2.880 and $2.850; breaking these may push price to $2.780 or lower.
Next significant support lies at $2.70.

Technical Indicators:

MACD indicates bearish momentum for XRP/USD.
RSI below 50 suggests downward pressure.
Key support levels: $2.880 and $2.850.
Key resistance levels: $2.9620 and $3.00.