XRP Price Recovery Falters – Is Another Major Collapse Imminent?

XRP's attempted comeback hits a wall—traders brace for potential freefall as momentum evaporates.

Technical Breakdown

Failed to hold critical support levels, signaling weakening buyer interest. Every minor rally gets sold into—classic bear market behavior.

Market Sentiment Shift

Whispers of 'doomed' echo through trading desks as institutional flows dry up. Even the usual crypto permabulls are staying quiet on this one.

Regulatory Overhang

The SEC shadow still looms large—because nothing says 'sound investment' like ongoing litigation. Traders are pricing in regulatory uncertainty instead of technological utility.

Liquidity Crunch

Thin order books amplify moves in both directions. Next major support zone sits significantly lower—if it breaks, prepare for cascade selling.

Just another day in crypto—where 'fundamentals' mean less than a whale's mood swing. Maybe try traditional finance? They only collapse every decade or so.

XRP Price Faces Resistance

XRP price managed to stay above the $2.720 level and started a recovery wave, like Bitcoin and Ethereum. The price climbed above the $2.75 and $2.80 resistance levels.

There was a MOVE above the 50% Fib retracement level of the downward move from the $3.040 swing high to the $2.70 low. However, the price seems to be struggling to stay above the $2.880 resistance zone. Recently, there was a break below a short-term rising channel with support at $2.850 on the hourly chart of the XRP/USD pair.

The price is now trading above $2.80 and the 100-hourly Simple Moving Average. If the bulls protect the $2.8120 support, the price could attempt another increase. On the upside, the price might face resistance near the $2.880 level.

The first major resistance is near the $2.9160 level or the 61.8% Fib retracement level of the downward move from the $3.040 swing high to the $2.70 low. A clear move above the $2.9160 resistance might send the price toward the $2.960 resistance. Any more gains might send the price toward the $3.00 resistance. The next major hurdle for the bulls might be near $3.050.

Another Drop?

If XRP fails to clear the $2.880 resistance zone, it could continue to move down. Initial support on the downside is near the $2.8120 level. The next major support is near the $2.80 level.

If there is a downside break and a close below the $2.80 level, the price might continue to decline toward $2.740. The next major support sits near the $2.70 zone, below which the price could gain bearish momentum.

Technical Indicators

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

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

Major Support Levels – $2.8120 and $2.80.

Major Resistance Levels – $2.880 and $2.9160.