XRP Price Faces Bearish Pressure Below $2.85 Support

XRP price has entered a concerning phase of decline, breaking below the crucial $2.85 support level and trading beneath the 100-hour Simple Moving Average. This technical breakdown follows the cryptocurrency’s failure to maintain momentum above $2.95, mirroring the broader market weakness affecting Bitcoin and Ethereum. The current price action shows XRP testing the $2.770 zone before attempting a modest recovery wave, though the bounce remains constrained by significant technical hurdles.

The formation of a key bearish trend line with resistance at $2.8350 on the hourly XRP/USD chart from Kraken data underscores the persistent selling pressure. This trend line has become a critical barrier for any potential recovery, with the price currently approaching the 23.6% Fibonacci retracement level of the downward move from the $3.05 swing high to the $2.770 swing low. The inability to reclaim higher ground suggests that bears remain in control of the short-term momentum.

For XRP to stage any meaningful recovery, bulls must overcome multiple resistance levels that have solidified during the recent decline. The immediate hurdle lies at the $2.8350 level, coinciding with the bearish trend line resistance. A clear move above this level could potentially target the $2.880 resistance, which would open the path toward the $2.950 resistance zone and the 61.8% Fibonacci retracement level of the recent downward move.

The first major resistance cluster forms near the $2.90 to $2.920 range, representing a critical inflection point for the cryptocurrency’s near-term direction. A decisive break above $2.920 could signal a shift in momentum, potentially sending XRP toward the $3.00 resistance level. However, the next major hurdle for sustained bullish momentum sits near $3.050, which would require significant buying pressure to overcome given the current technical setup.

The immediate risk for XRP traders remains the potential for further declines if the cryptocurrency fails to clear the $2.920 resistance zone. Initial support on the downside rests at the $2.780 level, which has become a critical line in the sand for short-term price action. A breakdown below this level could trigger accelerated selling pressure, with the next major support established near $2.750.

Should XRP experience a downside break and sustained close below the $2.750 level, the price could continue its decline toward $2.720. The next major support zone sits near $2.650, and a breach below this level might push the cryptocurrency toward the $2.60 area. These descending support levels highlight the increasing vulnerability of XRP to further downside momentum if key technical levels fail to hold.

The technical indicators for XRP/USD paint a concerning picture for near-term prospects. The hourly MACD is now gaining pace in the bearish zone, indicating strengthening downward momentum. This acceleration in bearish divergence suggests that selling pressure may be intensifying rather than abating, creating headwinds for any attempted recovery.

Complementing the MACD’s bearish signal, the hourly Relative Strength Index (RSI) remains below the 50 level, confirming the dominance of selling pressure over buying interest. This RSI positioning indicates that the cryptocurrency remains in a technically weak state, with the major support levels at $2.780 and $2.750 becoming increasingly critical for preventing a more substantial decline. The convergence of these technical signals suggests that XRP faces significant challenges in reversing the current bearish trajectory without a fundamental shift in market dynamics.