XRP Price Slides to $3.020 Support, Fresh Increase Possible

XRP price declined over 6% from the $3.350 resistance zone, currently testing the $3.020 support.

XRP is attempting to increase from the $3.020 zone.
Current trading is below $3.20 and the 100-hourly Simple Moving Average.
A break occurred below a bullish trend line with support at $3.280 on the hourly chart.
The pair may regain bullish momentum if it surpasses the $3.150 zone.

XRP Price Movement

XRP tested the $3.35 level but failed to maintain gains, leading to a correction. It dropped below key support levels of $3.250 and $3.150, reaching the $3.020 support.

Currently, XRP is trading below $3.120 and is expected to face resistance around $3.10. A move above $3.150 could target $3.20 and further potential resistance at $3.250 or $3.2650.

Potential for Decline

If XRP does not clear the $3.150 resistance, it may decline further. Initial support lies near $3.050, with major support at $3.020. A drop below $3.020 could lead to a decline towards the $3.00 support and potentially down to $2.880.

Technical Indicators

Hourly MACD indicates slowing bullish momentum. The RSI is below the 50 level.

Major Support Levels: $3.050, $3.020

Major Resistance Levels: $3.150, $3.20