XRP Faces Potential Downside Pressure After Losing $3.00 Support Amid Weakening Momentum

• XRP lost its $3.00 support, trading in a narrow range between $2.91 and $3.05.

• Technical indicators like RSI at 40.73 and a negative MACD divergence signal declining buying pressure.

• Volume and market capitalization remain flat, showing hesitation among buyers and sellers.

XRP price falls 7.4% below $3.00 support amid weakening momentum. Stay updated with COINOTAG for the latest crypto market insights.

Why Is XRP Struggling to Maintain the $3.00 Support Level?

XRP’s failure to hold above $3.00 marks a significant technical setback. The token has been consolidating between $2.91 and $3.05 after losing this key support. This price zone, previously a strong support, now acts as resistance, limiting upward movement. The recent rejection above $3.00 highlights a shift in market sentiment, with buyers unable to sustain momentum.

What Do Technical Indicators Reveal About XRP’s Momentum?

Momentum indicators confirm bearish trends. The Relative Strength Index (RSI) has dropped to 40.73, indicating weakening buying strength. Meanwhile, the Moving Average Convergence Divergence (MACD) shows a rising negative disparity, with the MACD line trailing the signal line by –649.17M. These signals suggest that bearish pressure is increasing and a further decline is probable if support levels fail.

How Does XRP’s Price Action Reflect Market Sentiment?

XRP’s price action reveals a market in flux. After peaking above $3.30, the token faced swift rejection within the $2.90 to $3.20 zone, a former support now flipped to resistance. The 4-day chart shows buyers failing to defend breakout levels, signaling weakening bullish momentum. This prolonged sideways trading since February highlights persistent uncertainty among traders.

What Role Does Volume and Market Cap Play in XRP’s Current Trend?

Volume and market capitalization data reinforce the cautious market stance. Despite price volatility, volume remains stagnant, indicating neither buyers nor sellers dominate. XRP’s market cap holds steady around $174.3 billion, reflecting balanced but hesitant trading activity. This equilibrium suggests that without a strong catalyst, XRP may continue to trade sideways near the $3.00 pivot point.

What Are the Key Technical Levels to Watch for XRP?

Frequently Asked Questions

What caused XRP’s recent 7.4% price drop?

XRP’s 7.4% decline is mainly due to losing the $3.00 support level, combined with weakening momentum indicators and stagnant trading volume, reflecting cautious market sentiment.

Is XRP likely to recover above $3.00 soon?

Recovery above $3.00 depends on renewed buying strength. Current technical signals show bearish momentum, so traders should watch for a clear breakout above resistance before expecting a sustained rise.

Key Takeaways

• XRP has lost critical $3.00 support: Price now trades in a narrow $2.91-$3.05 range, facing resistance.
• Technical indicators signal bearish momentum: RSI and MACD confirm weakening buying pressure.
• Volume and market cap stagnate: Reflecting balanced but cautious market sentiment.

Conclusion

XRP’s recent price decline below $3.00 highlights weakening bullish momentum and increasing bearish pressure. With stagnant volume and market cap, the token faces a critical test at this pivot level. Traders should monitor technical indicators closely for signs of recovery or further decline. COINOTAG will continue providing timely updates on XRP’s market developments.

XRP slips 7.4%, struggling below $3.00 support. Bearish momentum rises as RSI and MACD weaken. Volume and market cap remain stagnant.

• XRP no longer has its support near $3.00, going down 7.4% last week, and it is currently moving in a narrow range of $2.91 to 3.05.
• RSI is at 40.73 and MACD displays rising negative disparity, indicating deteriorating bullish momentum.
• The volume and the market cap of XRP also remain stagnant, indicating that both buyers and sellers have little confidence in the coin price.

XRP has been consolidating at around $2.95 after giving up the supporting level above 3.00. The token is down 7.4 percent within the past week. The drop comes as the overall market maintains relative stability, bringing into perspective XRP’s isolated retracement. 

The daily trading range now swings between $2.91 and $3.05, narrowing around a critical zone that acted as resistance previously. XRP’s destiny now lies in regaining the $3.00 level, which was a strong structural support previously.

Price Rejects Above $3.00 as Resistance Zone Holds

The $3.00 level has become a major barrier, with recent price action failing to hold above it. XRP peaked above $3.30 earlier but quickly faced rejection. This rejection occurred at a former resistance-turned-support region that spans from $2.90 to $3.20. Current market behavior suggests this zone has flipped back into resistance. On the 4-day chart, buyers failed to defend the green breakout block, suggesting weakening bullish momentum.

This breakdown follows a prolonged period of sideways trading between February and June. Price consolidation in this zone was marked by frequent failed breakouts. A clean retest of the $3.00 region could confirm further downside pressure if buyers continue to weaken. The current positioning leaves XRP vulnerable to further losses if short-term support fails to hold.

Technical Indicators Show Weak Momentum

Momentum indicators reinforce the declining trend. The RSI stands at 45.56, while the signal line trails at 45.54. Both values suggest weakening buying strength and increasing downside risk. The MACD is equally bearish, with the histogram printing deep red bars and values reaching — 152.45M. Additionally, the MACD line trails the signal line by –649.17M, confirming prevailing bearish sentiment.

Source: TradingView

Volume has remained relatively unchanged despite price volatility. This muted response implies that neither buyers nor sellers are in full control. However, the directional bias currently favors bears. With weak RSI and a widening MACD gap, downward continuation remains a near-term probability.

Market Cap Stagnates Amidst Selling Pressure

XRP’s market cap stands at $174.3 billion, showing no significant divergence between buyers and sellers. This balance reflects hesitation from both sides and may explain the choppy movement near key levels. The 1-hour trading chart shows minimal divergence, with both buyer and seller volumes nearly identical.

Without a strong catalyst, XRP could remain rangebound between $2.91 and $3.05. Price action remains sensitive to short-term movements as the market gauges the next direction. The $3.00 threshold now acts as a pivot point for any sustained move either upward or downward.