XRP Price Prediction: XRP Struggles at $2.85 Support, Risk of Drop Toward $2.70

XRP Short-Term Market Overview

Recently, XRP rebounded after dropping to $2.68. It briefly broke through resistance at $2.80 and $2.85. For a time, XRP even outperformed Bitcoin and Ethereum. However, as the price neared the $3 threshold, bearish momentum quickly intensified and capped further gains. As of this report, XRP is trading around $2.90. Technically, the hourly chart shows a key ascending support line forming at $2.85.

Resistance Levels and Upside Potential

If XRP can maintain support above $2.95, the next major resistance is near $2.96, which aligns with the 61.8% Fibonacci retracement level from $3.138 down to $2.67. Surpassing $2.96 could set the stage for another test of the $3 psychological barrier; a decisive breakout may drive prices higher, potentially reaching $3.12.

Downside Risks and Support Levels

If XRP fails to clear the $2.96 resistance zone, the price could face renewed selling pressure. Initial support lies at $2.88, with a more pivotal support level at $2.85. A sustained break and close below $2.85 may open the door to further declines toward $2.78 and possibly $2.70. Losing this support could trigger increased bearish sentiment.

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Summary

XRP may again decline to retest $2.85 or fall lower if there is no decisive bullish breakout, as resistance between $2.95 and $3.00 remains formidable.