XRP Price Declines Below $2.80 Resistance Level

XRP price is currently below the $3.00 resistance and is facing potential further declines.

The price has dropped below $2.850 and the 100-hourly Simple Moving Average.
A bearish trend line is forming with resistance at $2.80 on the hourly chart.
If it stays below $2.850, further decline is likely.

XRP Price Movement

XRP has declined below key levels, testing $2.74 after reaching a low of $2.738. It is consolidating below the 23.6% Fib retracement level from the recent high of $3.040.

Support is currently around $2.720; if maintained, a rally could occur toward $2.820, with major resistance at $2.850.

Potential Further Losses

If XRP does not surpass the $2.820 resistance, it may continue to decline:

Initial support at $2.720.
Next significant support at $2.650.
A close below $2.650 could lead to further drops towards $2.60 and possibly lower to $2.50.

Technical indicators show bearish momentum with the MACD in the negative zone and the RSI below 50.

Major Support Levels: $2.720 and $2.650.

Major Resistance Levels: $2.850 and $2.90.