XRP Struggles Below $3.10: Bears Tighten Their Grip—Is a Breakout Coming?

XRP's price action stalls under key resistance—traders brace for volatility as bears dominate the charts.

Subheading: The Bearish Reality Check

With XRP failing to crack the $3.10 ceiling, skepticism grows. Analysts whisper about 'dead cat bounces' while bagholders cling to hopium. Classic crypto.

Subheading: Technicals Tell the Tale

No fancy indicators needed—price rejection at $3.10 says it all. Until bulls muster real volume, this is bear territory. Even the most diamond-handed HODLers are sweating.

Closing Thought: Wall Street would charge a 2% management fee for this level of disappointment. Thankfully, in crypto, we lose money for free.

XRP Price Dips Further

XRP price remained in a bearish zone after a close below the $3.20 level, like Bitcoin and Ethereum. The price extended losses and traded below the $3.10 support zone.

The price even declined below $3.00. Finally, it tested the $2.950 support zone. A low was formed at $2.941 and the price recently attempted a recovery wave above the 50% Fib retracement level of the downward MOVE from the $3.148 swing high to the $2.941 low.

However, the bears were active near $3.10 and the 76.4% Fib retracement level of the downward move from the $3.148 swing high to the $2.941 low. There is also a bearish trend line forming with resistance at $3.070 on the hourly chart of the XRP/USD pair.

The price is now trading below $3.050 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.0450 level. The first major resistance is near the $3.070 level.

A clear move above the $3.070 resistance might send the price toward the $3.120 resistance. Any more gains might send the price toward the $3.150 resistance or the 50% Fib retracement level of the downward move from the $3.350 swing high to the $2.97 low. The next major hurdle for the bulls might be near $3.20.

More Losses?

If XRP fails to clear the $3.070 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.9420 level. The next major support is near the $2.920 level.

If there is a downside break and a close below the $2.920 level, the price might continue to decline toward the $2.850 support. The next major support sits near the $2.80 zone, below which there could be a larger decline.

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 – $2.940 and $2.880.

Major Resistance Levels – $3.070 and $3.10.