XRP encounters key resistance at $3.02, and if it loses the $2.92 support, it may trigger further pullback | XRP Price Prediction

XRP has failed to effectively break through the 3.10 resistance level, and is now retreating to around 2.98, trading near the 100-hour moving average. The hourly chart shows a bearish trend line forming at 3.02, creating a key short-term resistance. If this resistance cannot be broken, the price may test the 2.92 or even 2.88 support again; conversely, if it stabilizes and breaks through 3.10, it is expected to challenge the area above 3.20. This article analyzes the latest price movement of XRP, key support and resistance levels, and technical indicator signals.

XRP encounters resistance and falls back, key resistance area is clearly suppressing After failing to break through the $3.10 resistance level (the movement is similar to Bitcoin and Ethereum), the XRP price formed a short-term top and began to pull back. The price fell below the $3.00 psychological level and once dipped to around $2.92, which is precisely the 50% Fibonacci retracement level from the swing low of $2.73 to the high of $3.106, where bulls showed some defense in this area.

Currently, XRP is trading near $2.98 and the 100-hour simple moving average. There are multiple resistances on the upper side:

• First resistance: $3.00 (psychological barrier)
• Key resistance: $3.02 (forming a bearish trendline pressure on the hourly chart)
• Main resistance: $3.10 (previous high point area)

If the price can strongly break through the 3.10 USD resistance, it may initiate a new round of upward movement, targeting 3.12 USD, with further targets in the 3.18 to 3.20 USD range. Continued upward movement will see the next key resistance level at 3.25 USD.

Support below and potential downside risks If XRP continues to be constrained by the 3.02 USD resistance level, it may trigger a new round of decline:

• Initial support: $2.92 (recent low, bullish zone)
• Key support: $2.88 (corresponding to the 61.8% Fibonacci retracement level from 2.73 to 3.106)
• If the closing price falls below 2.88 USD, it may accelerate the fall towards the 2.81 USD support level.
• The important bullish line below is located in the 2.75 USD area

Technical Indicator Interpretation

• Hour chart MACD: Operating in the bearish area, and momentum bars show signs of contraction, indicating that bearish momentum has slightly weakened but the trend has not changed.
• Hourly RSI (Relative Strength Index): Below the 50 level, indicating that the market is in a bearish dominant state in the short term.

Key Support/Resistance Summary

• Main support levels: 2.92 USD, 2.88 USD
• Main resistance levels: $3.02, $3.10

[Conclusion] XRP is facing significant selling pressure in the $3.00-$3.02 area, with the bearish trend line on the hourly chart reinforcing the validity of this resistance zone. The current price is hovering near the 100-hour moving average, and a directional choice is imminent. Bulls need to push the price to effectively break through the $3.02 trend line resistance and hold above $3.10 to regain upward momentum. Conversely, if it continues to be blocked and falls below the key support at $2.92, it may further test the support levels at $2.88 or even $2.81. Traders should closely monitor the breakout situation of the $3.02 resistance and the defensive strength of the $2.92 support, along with whether the RSI can return above 50 and changes in MACD momentum, to formulate short-term trading strategies. The overall sentiment in the cryptocurrency market (especially Bitcoin's movement) will also have a significant impact on XRP's direction.