XRP Price Attempts Recovery Above $2.750 Resistance Level

XRP Price Analysis

XRP is attempting to recover from the $2.70 level.
Current resistance is at $2.850; XRP is trading below this and the 100-hourly Simple Moving Average.
A bearish trend line is forming with resistance at $2.820 on the hourly chart.
If XRP remains below $2.850, it may decline further.

XRP experienced a decline below $2.880, entering a bearish phase after trading under key levels. A low of $2.7018 was reached. Currently, XRP is correcting losses and trading below $2.820 and the 100-hourly Simple Moving Average. The price has moved above the 23.6% Fib retracement level of the downward movement.

Key support levels are at $2.750 and $2.70. If these hold, XRP could attempt to rise again, facing resistance near $2.820, with major resistance at $2.850. A successful break above $2.850 might push the price towards $2.880 or $2.920, while further gains could target $2.960.

If XRP fails to surpass $2.850, it may revisit lower levels. Support is critical at $2.750 and $2.70, with potential declines toward $2.650 and $2.60 if these levels are broken.

Technical Indicators

Hourly MACD indicates weakening bearish momentum.
Hourly RSI is above 50.
Major support: $2.750, $2.70.
Major resistance: $2.850, $2.920.