XRP Price Alert: Brace for Deeper Correction After Recent Weakness

XRP bulls are sweating as technical indicators flash warning signals—this could be more than just a dip.

Technical Breakdown: What's Next?

The token's failure to hold key support levels suggests institutional players are taking profits rather than adding positions. Trading volume patterns indicate weakening momentum, not just routine volatility.

Market Realities vs. Hopium

While die-hard supporters chant 'buy the dip,' the charts tell a sobering story. Resistance levels have become ceilings instead of floors—classic distribution behavior that often precedes sharper declines.

Remember: In crypto, 'fundamentals' sometimes mean watching your portfolio fundamentals deteriorate in real-time. The only thing dropping faster than XRP's price might be Twitter crypto influencers' credibility.

XRP Price Faces Hurdles

XRP price started a downside correction from $3.0850, like Bitcoin and Ethereum. The price traded below the $3.0650 and $3.050 levels.

The bears were able to push the price below $2.980 and the 100-hourly Simple Moving Average. Moreover, there was a spike below the 50% Fib retracement level of the upward MOVE from the $2.824 swing low to the $3.080 high.

The price is now trading below $2.9650 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3.020 on the hourly chart of the XRP/USD pair.

If the bulls protect the $2.920 support, the price could attempt another increase. On the upside, the price might face resistance NEAR the $3.00 level. The first major resistance is near the $3.020 level. A clear move above the $3.020 resistance might send the price toward the $3.080 resistance. Any more gains might send the price toward the $3.120 resistance. The next major hurdle for the bulls might be near $3.150.

More Losses?

If XRP fails to clear the $3.020 resistance zone, it could continue to move down. Initial support on the downside is near the $2.920 level or the 61.8% Fib retracement level of the upward move from the $2.824 swing low to the $3.080 high. The next major support is near the $2.8850 level.

If there is a downside break and a close below the $2.8850 level, the price might continue to decline toward $2.80. The next major support sits near the $2.780 zone, below which the price could gain bearish momentum.

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 – $2.920 and $2.840.

Major Resistance Levels – $3.020 and $3.080.