XRP Price Pulls Back After Surge – Time to Buy the Dip or Brace for More Pain?

XRP's rally hits a speed bump as traders take profits—classic crypto volatility or warning signs ahead?

Bullish momentum stalls

The digital asset gave back some gains after its recent climb, leaving chart-watchers debating whether this is normal market breathing or the start of something uglier.

Support levels in focus

All eyes are on key price floors that could determine whether this correction stays 'healthy' or morphs into a full-blown reversal. Because in crypto-land, a 10% drop is just Tuesday—until it's not.

Wall Street's favorite punching bag

Meanwhile, traditional finance dinosaurs are probably chuckling into their spreadsheets—right before missing the next leg up. Again.

XRP Price Dips Further

XRP price started a fresh decline after it failed to clear the $3.650 resistance zone, like Bitcoin and Ethereum. The price declined below the $3.450 and $3.350 support levels.

The decline was such that the price traded below the $3.120 level. A low was formed at $3.050 and the price is now consolidating losses NEAR the 23.6% Fib retracement level of the recent decline from the $3.650 swing high to the $3.050 low.

The price is now trading below $3.450 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3.30 on the hourly chart of the XRP/USD pair.

On the upside, the price might face resistance near the $3.2320 level. The first major resistance is near the $3.2650 level. A clear MOVE above the $3.2650 resistance might send the price toward the $3.350 resistance or the 50% Fib retracement level of the recent decline from the $3.650 swing high to the $3.050 low.

Any more gains might send the price toward the $3.450 resistance or even $3.50 in the near term. The next major hurdle for the bulls might be near the $3.650 zone.

Another Drop?

If XRP fails to clear the $3.350 resistance zone, it could start another decline. Initial support on the downside is near the $3.150 level. The next major support is near the $3.120 level.

If there is a downside break and a close below the $3.120 level, the price might continue to decline toward the $3.050 support. The next major support sits near the $3.00 zone.

Technical Indicators

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

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

Major Support Levels – $3.120 and $3.050.

Major Resistance Levels – $3.250 and $3.350.