XRP price is showing bearish signs below the $2.950 resistance zone. The price is struggling to recover and might decline further below $2.820.
XRP price is declining below the $2.950 and $2.920 levels.
The price is now trading below $2.920 and the 100-hourly Simple Moving Average.
There is a bearish trend line forming with resistance at $2.910 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could continue to move down if it stays below the $3.00 zone.
XRP Price Remains At Risk
XRP price remained in a bearish zone after a close below the $3.00 level, like Bitcoin and Ethereum. The price extended losses and traded below the $2.920 support zone.
The price even declined below $2.850. Finally, it tested the $2.820 support zone. A low was formed at $2.820 and the price recently attempted a recovery wave. There was a move above the $2.90 level. The price climbed above the 50% Fib retracement level of the downward move from the $3.095 swing high to t
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