So, XRP tried to scale the mighty $3.080 wall but ended up face-planting. Now it’s slipping, and if it trips below $2.920, expect a proper nosedive. Grab your popcorn 🍿.
- XRP’s trying to undo its little pep talk from the $3.080 resistance – no luck so far.
- Right now, it’s hanging out around $2.9650, flirting with the 100-hour Simple Moving Average like it’s a Tinder date gone wrong.
- Plot twist: there’s a moody bearish trend line throwing shade at $3.020 on the hourly chart (thanks, Kraken, for the gossip).
- If XRP can’t hang above $3.050, we’re in for more downward drama.
When XRP Trips Over Its Own Feet
Like the popular kids Bitcoin and Ethereum, XRP decided to have a little meltdown starting at $3.0850. It took a nosedive past $3.0650 and $3.050, basically ghosting any hope of a rebound.
The bearish squad pushed it below $2.980, crashing through the 100-hour SMA like it didn’t even matter. Oh, and it went way past the 50% Fib retracement too – classic XRP move.
Currently, it’s sulking under $2.9650 and that grumpy 100-hour SMA. Plus, that pesky bearish trend line keeps blocking the party at $3.020.
If the bulls manage to stop the bleeding at $2.920, maybe, just maybe, we’ll see XRP trying to strut back towards $3.00. But it’s got to punch through $3.020 first – think of it like a velvet rope at a club. Clear that, and the path to $3.080 and then $3.120 opens up. The ultimate boss level? $3.150. Fingers crossed 🤞.
Or Does It Just Keep Falling?
If XRP can’t clear the $3.020 hangout spot, brace yourself for further descent. First stop on the way down: $2.920 support, aka the 61.8% Fib retracement. Fail there, and $2.8850 is waiting to catch it like a clingy ex.
Belly flop below $2.8850 could drag XRP down to $2.80 territory. Hold your breath for $2.780 – cross that line, and the bears throw a real party 🐻🎉.
Geeky stuff (because why not?):
Hourly MACD – Currently sprinting in the bearish direction. No medals here.
Hourly RSI – Hanging below 50, clearly not in the mood to flex.
Support levels to pray for: $2.920 and $2.840.
Resistance levels to throw shade at: $3.020 and $3.080.
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2025-08-29 07:18