XRP price is experiencing consolidation above the $2.60 mark. Currently, it faces resistance at $2.720, necessary to initiate a fresh upward movement. The price must overcome this barrier for continued gains. A break below the bullish trend line suggests vulnerability, yet staying above $2.50 maintains overall positivity.
If XRP surpasses the $2.720 resistance, it may target $2.80 and potentially $3.00. Conversely, failure to clear this mark could lead to declines, with support expected near $2.60.
Technical indicators show a bearish MACD and an RSI below 50, hinting at potential downward pressure.
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