Saad Ullah
XRP has been dancing around the $2.90 mark lately, trading at $2.9454 according to Bybit's 4-hour chart. The thing is, this might just be a pit stop on its way down.
The numbers tell a pretty clear story. XRP can't seem to punch through the Ichimoku cloud and keeps bumping its head against key moving averages like the MA200 at $3.1377 and MA50 at $2.9605. That's textbook bearish territory right there.
XRP Price Eyes $2.60 If Support Cracks
Right now, XRP is playing a dangerous game just above the $2.90-$2.91 zone. If the bears get their way and push through this level, we're looking at a potential slide to $2.67 - or even worse, down to $2.60. That would mean another 11% haircut from current levels.
What's making things worse? Volume is starting to dry up, which usually means buyers are losing steam. Not exactly what you want to see when you're trying to defend a support level.
Key XRP Price Levels to Watch
Here's what traders need to keep on their radar:
- Upside targets: $2.96, $3.05, $3.13
- Downside risks: $2.90, $2.79, $2.60
The technical setup isn't pretty - we've got a bearish Ichimoku cloud, moving averages acting like resistance, and volume that's heading south. Until XRP can actually break above that $3.00 barrier with some conviction, the bears are calling the shots.
Saad Ullah
