XRP Teeters on the Edge — Temporary Pause or Full-Blown Collapse?

XRP bulls are sweating as the token flirts with critical support levels—another victim of crypto’s ’hold on for dear life’ market psychology.

Subheader: The technical breakdown no one wants to talk about

RSI screaming oversold, volume drying up faster than a DeFi project’s liquidity pool. Classic bear trap or just another altcoin circling the drain?

Subheader: Wall Street’s favorite punching bag strikes again

Meanwhile, traditional finance vultures sharpen their knives—’See? This is why we stick to regulated assets’ (ignoring their own 2008 track record, of course).

Closing thought: Whether this is a fire sale or a funeral depends entirely on whether Bitcoin remembers it’s supposed to be the market leader.

XRP Price Dips Again

XRP price attempted a fresh increase above the $2.350 zone, like Bitcoin and Ethereum. However, the bears were active near the $2.450 zone. A high was formed at $2.4495 and the price is now moving lower.

There was a drop below the $2.40 support level. The price dipped below the 50% Fib retracement level of the upward move from the $2.299 swing low to the $2.449 high. However, the bulls are now active NEAR the $2.350 support.

There is also a connecting bullish trend line forming with support at $2.3550 on the hourly chart of the XRP/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward MOVE from the $2.299 swing low to the $2.449 high.

The price is now trading below $2.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.40 level. The first major resistance is near the $2.450 level.

The next resistance is $2.50. A clear move above the $2.50 resistance might send the price toward the $2.60 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.680 in the near term. The next major hurdle for the bulls might be $2.80.

More Losses?

If XRP fails to clear the $2.450 resistance zone, it could start another decline. Initial support on the downside is near the $2.3550 level. The next major support is near the $2.320 level.

If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.350 and $2.320.

Major Resistance Levels – $2.40 and $2.450.