XRP Price Chart Flashes Warning Signs – Here’s Why the Pain Might Not Be Over Yet

Ripple’s XRP has been trying to hold its ground after bouncing from the black trendline support, but the latest signals suggest traders shouldn’t get too comfortable.

Analyst CasiTrades points out that while the respect of this level is encouraging, the real challenge is still overhead. Until XRP price breaks through the crucial $3 resistance zone, the risk of another leg down is very much alive.

What the XRP Chart Is Showing

The recent move looks less like the start of a powerful breakout and more like a corrective ABC structure. Price topped out exactly where you’d expect a C-wave to end, and that rejection is a red flag. 

On top of that, bearish divergence has now appeared on the 4-hour chart. This means momentum isn’t keeping up with price action, a classic sign that upside pressure is fading.

On the 1H RSI, XRP price is testing its support trendline. If it holds, a bounce could still happen. But if it breaks lower, it opens the door to more downside testing before the bigger rally can take shape.

Image Source: X/CasiTrades

Key Levels to Watch

The levels to watch are clear. $2.79 is the first important support, lining up with the 0.5 retracement, while $2.58 is even more critical as the 0.618 retracement. A bounce from either of these levels could provide the fuel for XRP price to finally make another run at $3.

The danger zone is if $2.58 breaks. That would invalidate the bullish market structure and cast serious doubt over the broader outlook. 

For now, the bullish case survives as long as XRP avoids making a new low under $2.69, but hesitation around resistance keeps pointing to the need for more consolidation first.t

Read Also: Uptober Rally Ahead? Hedera (HBAR) Price Prediction for October

Moreover, momentum indicators continue to paint a cautious picture. The bearish divergences mean buyers are running out of steam. This is why traders are watching Bitcoin price closely for confirmation. 

If Bitcoin strengthens, it could provide the alignment XRP needs to turn the corner. Another important clue will be bullish divergence on the next move down. If that appears, it could mark the moment sellers are exhausted and XRP is ready to push higher.

XRP Price Short-Term Outlook

In the short term, XRP is likely to test its support again before any serious breakout attempt. The path forward depends on how the price reacts at $2.79 and especially at $2.58. 

If those levels hold, XRP price could finally gather the strength to take out $3 and aim for higher targets like $3.25. But until resistance breaks cleanly and momentum flips, the warning signs are clear: XRP may need to absorb more pain before the rally everyone is waiting for begins.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

CaptainAltcoin
Logo