XRP’s Big Fall: Will It Crash Again? 💸📉🔥

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XRP price is attempting to recover above the $2.80 zone. The price is now facing hurdles near $2.88 and might start another decline below $2.80. (Because nothing says “optimism” like a 50/50 chance of a meltdown.)

  • XRP price is attempting to recover above the $2.80 resistance. (Spoiler: It’s probably not going to work.) 🤯
  • The price is now trading above $2.80 and the 100-hourly Simple Moving Average. (Because who needs stability when you can have drama?) 📉
  • There was a break below a short-term rising channel with support at $2.850 on the hourly chart of the XRP/USD pair (data source from Kraken). (Kraken? They’re basically the crypto version of a weather forecast.) 🌩️
  • The pair could continue to rise if it stays above the $2.8120 zone. (If, and only if, the universe decides to be kind today.) 🤞

XRP Price Faces Resistance

XRP price managed to stay above the $2.720 level and started a recovery wave, like Bitcoin and Ethereum. (Because nothing says “recovery” like a 50/50 chance of crashing again.) The price climbed above the $2.75 and $2.80 resistance levels. (Because why not? Let’s just keep pretending this is a normal day.)

There was a move above the 50% Fib retracement level of the downward move from the $3.040 swing high to the $2.70 low. However, the price seems to be struggling to stay above the $2.880 resistance zone. (Because even the numbers are tired of this.) Recently, there was a break below a short-term rising channel with support at $2.850 on the hourly chart of the XRP/USD pair.

The price is now trading above $2.80 and the 100-hourly Simple Moving Average. If the bulls protect the $2.8120 support, the price could attempt another increase. (Bulls? More like “bulls in a china shop.”) On the upside, the price might face resistance near the $2.880 level. (Because why have one obstacle when you can have two?)

The first major resistance is near the $2.9160 level or the 61.8% Fib retracement level of the downward move from the $3.040 swing high to the $2.70 low. A clear move above the $2.9160 resistance might send the price toward the $2.960 resistance. Any more gains might send the price toward the $3.00 resistance. The next major hurdle for the bulls might be near $3.050. (Because the bulls need a vacation, not a battle.)

Another Drop?

If XRP fails to clear the $2.880 resistance zone, it could continue to move down. Initial support on the downside is near the $2.8120 level. (Because support is just a fancy word for “maybe.”) The next major support is near the $2.80 level.

If there is a downside break and a close below the $2.80 level, the price might continue to decline toward $2.740. The next major support sits near the $2.70 zone, below which the price could gain bearish momentum. (Because nothing says “momentum” like a free fall.)

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. (Because who needs momentum when you can have drama?) 📈

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. (Because “strength” is a relative term.) 📉

Major Support Levels – $2.8120 and $2.80. (Because even support has its limits.)

Major Resistance Levels – $2.880 and $2.9160. (Because why have one obstacle when you can have two?)

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2025-09-04 08:18