NewsBTC
12 August 2025
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XRP Price Faces Potential Decline Below Key Support Levels

XRP Price Update

  • XRP is correcting below $3.25, currently trading under this level and the 100-hourly Simple Moving Average.
  • A break occurred below a key contracting triangle with support at $3.20 on the hourly chart.
  • If XRP holds above the $3.080 zone, it may initiate another increase; otherwise, it could decline further.

Current Market Conditions

XRP initially formed a base above $2.920, rising past resistance levels of $3.20 and $3.25. A peak was reached at $3.380 before the price corrected lower, dipping below the 23.6% Fibonacci retracement level.

XRP Price

Resistance and Support Levels

  • Resistance: $3.220 and $3.2650.
  • Support: $3.120 and $3.080.
  • A close below $3.080 may lead to further declines towards $3.020 or $3.00.

Technical Indicators

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