XRP Price Analysis: Adjustment After Failing to Exceed $3.10

XRP has been unable to maintain its upward momentum as it approaches the strong resistance zone of $3.10 and is now entering a correction phase. If buying pressure does not return soon, XRP risks falling further below key support levels. Recent Developments After touching the $3.10 zone, the price of XRP formed a short-term peak and began to fall below the $3.00 mark. The short-term uptrend line with support at $3.060 has been broken on the hourly chart of the XRP/USD pair. The price has pierced the 23.6% Fibonacci level of the upward move from the bottom of $2.730 to the peak of $3.106. Currently, XRP is trading below $3.00 and the 100-hour SMA, indicating that selling pressure is prevailing. Current Support Zone Bulls (buy) are trying to defend the zone around the 50% Fibonacci level of the recent increase, corresponding to about $2.880. This will be a key zone to determine the price recovery potential in the short term. Nearest support: $2.920Important support: $2.880If the price breaks below $2.880 and closes under this level, the fall may extend to $2.810, even $2.750 – where strong buying is expected to return. Resistance Zone to Watch If the price can hold at $2.880 and bounce back: The nearest resistance is at $2.950. Key level: $3.00 – if surpassed, it will create momentum for the price to advance to $3.065 and $3.10. If it decisively surpasses $3.10, XRP could aim for $3.12 or even $3.20 in the short term. Technical Signal MACD (Hourly chart ): Expanding in the negative zone, indicating that the downtrend remains dominant. RSI (Relative Strength Index ): Below the 50 threshold, indicating that selling pressure is greater than buying pressure. Conclusion The XRP market is in a sensitive phase as buyers and sellers are struggling around the support level of $2.880. If this zone is breached, the fall may accelerate rapidly. Conversely, if it is maintained and breaks above $3.00, XRP will have a chance to challenge the zone of $3.10 - $3.20 in the near future.