NewsBTC
Sep 26, 2025
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XRP Price Drops Below Support, Eyes Further Decline Below $2.720

XRP Price Movement Analysis

  • XRP attempted a recovery above $2.850 but failed, now moving lower.
  • Currently trading below $2.840 and the 100-hourly Simple Moving Average.
  • Broke below a bullish trend line with support at $2.850 on the hourly chart (data from Kraken).
  • Potential for further decline if it dips below $2.720.
  • Price formed a high at $2.995 before declining to a low at $2.724.
  • Consolidating below the 23.6% Fib retracement level of the drop from $2.995 to $2.724.

XRP Price

Resistance and Support Levels

  • Resistance is expected near $2.788, with major resistance at $2.850 and 50% Fib retracement of the recent decline.
  • A move above $2.850 could push the price towards $2.920 and potentially $2.950.
  • If unable to breach $2.850, further declines are possible, with initial support at $2.720 and major support at $2.680.
  • Further downside can lead to $2.6150, with significant support at $2.60.

Technical Indicators

  • Hourly MACD: Gaining pace in the bearish zone.
  • Hourly RSI: Below the 50 level.
  • Major Support Levels: $2.720 and $2.680.
  • Major Resistance Levels: $2.850 and $2.920.