XRP price has fallen below a consolidation triangle and is trading near $2.18, driven by bearish moving averages, weakening volume and strong resistance near $3. Immediate risk points to $2.50 if the 100- and 200-day EMA levels fail to hold, keeping $3 out of reach for now.
XRP price: bearish technicals and low volume push $3 out of reach—read the immediate implications and key trade steps.
What is causing the XRP price to fall from $3?
XRP price weakness is driven by a breakdown from a symmetrical consolidation triangle, declining daily volume and elevated resistance near $2.95–$3.00. These factors combine with flattening and curling EMAs to reduce bullish momentum and increase the probability of a deeper correction toward $2.50.
Why did the consolidation breakdown matter for XRP price?
The symmetrical triangle is often a continuation pattern; when XRP fell below the lower trendline, sellers gained control. This breakdown removed bullish leverage and made the $2.95–$3.00 resistance band a more formidable barrier for any recovery attempt.
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The 50-day EMA has flattened and begun to curl downward, signaling declining bullish momentum. XRP is holding near the 100-day EMA at $2.77; if that level fails, the 200-day EMA at $2.51 represents the next technical support and would indicate a deeper correction if broken.
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