- 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.
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.
