The XRP price is back under pressure, trading near $2.80–$2.83 after repeatedly failing to reclaim the $3.00 psychological barrier.
With RSI hovering in the high-30s/low-40s on lower time frames and MACD leaning negative, the setup favors consolidation or further downside unless spot demand meaningfully re-emerges.
Similarly, whale cohorts (1–10 million XRP) have distributed about 440 million tokens over 30 days, adding supply into a soft tape.
BNB has flipped XRP for the No. 3 market-cap slot amid record BNB Chain activity, while uncertainty around U.S. spot ETF timelines keeps XRP’s macro catalysts murky. Until those headwinds clear or outflows reverse, rallies into resistance are likely to meet supply.
Technically, XRP is compressing inside a descending triangle, making $2.68–$2.70 the pivotal shelf. Veteran traders warn that a weekly close below $2.687 could open a measured move toward $2.22 (roughly –20% from current prices).
Immediate resistance sits at $2.92–$3.00; above that, $3.15 is the line that would invalidate the bearish pattern and shift targets to $3.60–$4.50.
In the near term, watch for:
With futures interest easing and whales distributing, risk remains skewed to the downside while XRP holds below $3.00. Bulls need a clean, high-volume reclaim of $3.00–$3.15 to flip momentum; otherwise, a $2.70 retest, and potentially $2.22 on a breakdown, stays in play.
Cover image from ChatGPT, XRPUSD on Tradingview
