XRP Price Struggles to Break $2.880 Resistance Level

XRP is attempting to recover above the $2.80 resistance level but faces hurdles at $2.88, which could lead to another decline below $2.80.

  • XRP is trading above $2.80 and the 100-hourly Simple Moving Average.
  • There was a break below a rising channel with support at $2.850 on the hourly chart.
  • The price remains above the $2.720 level, indicating potential recovery.
  • Support is at $2.8120; if maintained, XRP may rise further.
  • Resistance levels are $2.880 and $2.9160, with the possibility of reaching $3.00 if these are surpassed.

Potential Downtrend

If XRP fails to clear $2.880, it may drop to initial support near $2.8120, followed by a critical support level at $2.80. A close below $2.80 could lead to further declines towards $2.740 and potentially lower.

Technical Indicators:

  • Hourly MACD shows a decrease in bullish momentum.
  • Hourly RSI is below 50.
  • Major support levels are $2.8120 and $2.80.
  • Major resistance levels are $2.880 and $2.9160.

XRP Price