XRP Price Struggles Below $3.10 Resistance, Faces Potential Decline

XRP price is struggling to maintain levels above $3.10 and shows signs of declining below $2.90 support.

XRP is correcting gains from the $3.10 zone.
Current trading below $2.98 and the 100-hourly Simple Moving Average.
Break below a bullish trend line with support at $3.060 on the hourly chart.
Potential for increase if it remains above $2.880.

XRP Price Dips

XRP has faced difficulty in surpassing the $3.10 resistance, similar to trends seen in Bitcoin and Ethereum. A recent decline has brought the price below the $3.00 level.

The decline includes a break below the 23.6% Fib retracement level from the recent swing low of $2.730 to the high of $3.106.

Resistance is expected near $2.950, with major resistance at $3.00. A move above $3.00 may lead towards $3.0650 and potentially $3.10 or $3.120.

Potential Further Declines

If XRP does not breach the $3.00 resistance, further declines may occur. Initial support is around $2.920, followed by significant support near $2.880.

A drop below $2.880 could lead to continued decline towards $2.810, with further support at $2.750.

Technical Indicators show:

Hourly MACD indicates bearish momentum.
RSI is below the 50 level.
Major Support Levels are $2.920 and $2.880.
Major Resistance Levels are $3.00 and $3.10.