Immy Dorse 
Well, it’s been a rough few hours for XRP. After trying to push past that stubborn $3.08 mark, the price has hit a wall and is now sliding back. It’s currently hovering around $2.9650, which puts it just under the 100-hour Simple Moving Average. That’s not exactly where bulls would want to see it.
From what the charts are showing, there’s a clear bearish trend line forming with resistance sitting at about $3.02. That’s based on data from Kraken, for the XRP/USD pair. It seems like every time it tries to climb back, it just bumps into that ceiling and gets pushed down again.
Can XRP Find Its Footing?
The slide started after it couldn’t break through $3.0850. It’s a story we’ve seen before, not just with XRP but with others like Bitcoin and Ethereum lately. The price fell through a couple of key levels, $3.0650 and then $3.050. Sellers took control and managed to push it below $2.98 and that important 100-hour average.
There was even a quick dip below a key Fibonacci level—the 50% retracement from a recent low. That’s often a sign that the momentum has shifted, at least for the short term.
So what happens next? Honestly, it feels like it all depends on whether buyers can defend the $2.920 support. If they can, maybe we see another attempt to go up. But if that breaks, things could get uglier.
The Downside Risk
If the price can’t get past that $3.02 resistance zone, the path of least resistance might be down. The first real safety net for buyers is around $2.920. If that doesn’t hold, the next major support is way down near $2.8850. A break and close below that could really open the door for a steeper fall, perhaps toward $2.80 or even lower.
It’s not a great picture if you’re long right now. But then again, crypto moves fast. Things can change.
What the Indicators Suggest
The technicals aren’t offering much comfort. The hourly MACD is picking up speed in the bearish zone. The RSI is sitting below 50, which generally means selling pressure is in control. It’s not oversold yet, so there might be more room to fall.
For now, major support sits at $2.920 and then $2.840. On the upside, everyone’s watching $3.02 and then that big hurdle at $3.08. Until it gets through those, it’s probably going to be a struggle.