XRP has been trying to hold steady, but the chart suggests some warning signs. Analyst Ali pointed out that a rejection around $2.90 could trigger a pullback toward $2.70.
The price action shows XRP climbing into resistance only to struggle breaking higher. This type of pattern often signals exhaustion, where buyers are losing steam and sellers start regaining control.
The attached chart shows this risk. If XRP fails to push past the $2.90 barrier, the path of least resistance may tilt downward. That opens the door for a drop closer to $2.70, where a stronger support zone sits.
Technical Indicators Turn Bearish on Ripple Price
Looking beyond the hourly setup, the daily chart readings on Investing.com tell a similar story. Most of the technical indicators are flashing bearish signals. Here’s a snapshot:
| Name | Value | What the Reading Suggests |
|---|---|---|
| RSI (14) | 43.894 | Below 50, pointing to weak momentum and a tilt toward selling pressure |
| STOCH (9,6) | 32.695 | Near oversold levels but still leaning bearish |
| MACD (12,26) | -0.08 | Negative reading, showing momentum on the downside |
| Ultimate Oscillator | 39.654 | Below 50, signaling more selling than buying interest |
| ROC | -7.586 | Negative rate of change, confirming downward bias |
The moving averages also reinforce the bearish setup. Shorter timeframes like MA5, MA10, and MA20 are signaling weakness, while longer-term averages such as MA100 and MA200 are still supportive. That contrast suggests XRP may still be in a broader uptrend, but the short-term direction looks heavy.
What This Means for Ripple Price Going Forward
Although the chart leaves some room for a short bounce, the overall signals lean bearish. A push toward $2.90 could happen, but without a clean breakout, sellers are likely to step in. That makes a dip back to $2.70 a realistic scenario in the near term.
Read Also: Ethereum and Bitcoin ETFs See Heavy Outflows, Prices Drop in Response
The key takeaway is that Ripple’s XRP price is caught in a battle between short-term weakness and long-term support. Traders watching this level will want to see whether XRP can finally clear $2.90 or whether the bearish indicators win out first.
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