Yes

>>XRP's price is falling, and a significant drop could occur if key support levels are lost.

XRP's price is falling, and a significant drop could occur if key support levels are lost.

crypthub

2 days ago

Recent Price Decline

XRP's price has experienced a fresh decline, falling below the $2.90 zone. It's currently struggling and trading below the 100-hourly Simple Moving Average. This downward trend mirrors similar movements seen in Bitcoin and Ethereum.

Resistance and Support Levels

A key bearish trend line presents resistance around $2.880 on the hourly chart. Initial support lies near the $2.820 level, with further support around $2.80. Should the price break below $2.80, it may continue declining towards $2.7250.

Technical Indicators and Potential Resistance

The hourly MACD is gaining pace in the bearish zone, and the RSI is below the 50 level. If a fresh upward move occurs, resistance is likely near the $2.880 level. Major resistance also exists at $2.920 and $2.950.