NewsBTC

7 August 2025

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XRP Price Struggles Below $3.020 Resistance, Eyes $2.880 Support

XRP Price Analysis

• XRP is struggling to remain above $3.020 and is currently at $2.980.
• Price correction from $3.10 has led to trading near the 100-hourly Simple Moving Average.
• Resistance identified at $3.020 due to a bearish trend line.
• Support levels are at $2.920 and $2.880, with potential declines if these levels are breached.

Resistance and Support Levels

XRP price failed to maintain momentum above $3.10, leading to a decline below $3.00. It tested the 50% Fib retracement level between $2.730 and $3.106, with bulls active around $2.920.

If resistance at $3.020 is not cleared, XRP could decline further. Key support levels include:

• $2.920
• $2.880 (61.8% Fib retracement)
• $2.810
• $2.750

Technical indicators show:

• Hourly MACD is weakening in the bearish zone.
• RSI is below 50.

Major resistance levels are at $3.020 and $3.10. A clear break above $3.10 may lead to targets of $3.120 and higher.