Immy Dorse 
Well, it’s been a rough few days for XRP, to put it mildly. The price just can’t seem to get any real momentum going above that key $3.00 level. Every time it tries, it gets pushed right back down. It’s a bit frustrating to watch, honestly.
Stuck in a Bearish Pattern
After failing to hold above $3.05, the slide began. We saw it drop below $3.00, which was a pretty important support level, and then it just kept going. It even dipped below $2.90 for a bit, finally finding a bit of a floor around $2.82. There was a small bounce from there, enough to push it back over $2.90 and reclaim about half of the recent losses. But that might be all we get for now.
The real problem is that everything above it looks heavy with selling pressure. There’s this bearish trend line that’s formed on the hourly charts, acting like a ceiling around $2.9650. And right now, the price is sitting below both that level and the 100-hour simple moving average, which isn’t a great sign for the bulls. It feels like the market is just waiting to see what happens next.
The Key Resistance to Watch
So, what would it take to change the mood? A clear and sustained push above that trend line resistance at $2.9650 would be a start. If it can manage that, then maybe we’re talking about a retest of the $3.00 level. Beyond that, the next big test would be up near $3.05, and then perhaps even $3.12. But that feels a long way off at the moment. It’s a lot of ‘ifs’.
The technical indicators aren’t offering much hope either. The hourly MACD is still ticking lower in negative territory, and the RSI is stuck below 50, suggesting bearish momentum hasn’t really let up.
The Risk of Another Leg Down
But if it can’t break through? Then the path of least resistance is probably down. The first level to watch on any drop would be $2.90. If that gives way, then $2.85 becomes the next major support. A break below that could easily see the price tumble back toward the recent low around $2.82, and if that doesn’t hold, well, things could get uglier toward $2.78.
It’s a classic standoff. The buyers need to prove they can push it through that overhead resistance. Until they do, the sellers are likely to remain in control. For anyone holding, it’s probably a good idea to keep a close eye on that $2.9650 level. That seems to be the line in the sand for now.
