The XRP price is currently experiencing a bearish shift after failing to maintain levels above $3.20. A downside correction is evident as the price trades below $3.050 and the 100-hourly Simple Moving Average. There was a significant break below a bullish trend line, with short-term support seen at $3.00.
While attempting a recovery, the XRP/USD pair faced resistance near $3.050, corresponding to the 50% Fib retracement level. Further gains could push the price toward $3.20, but failing to clear $3.050 might lead to more losses.
Technical indicators reveal that the hourly MACD is in a bearish zone and the RSI is below 50, signaling potential downward movement unless key resistances are cleared.