Ripple 
$1’s XRP has tested below the $2.70 mark, dropping over 2% in the last 24 hours. Despite this decline, the popular altcoin has risen more than 8% over the past week and is trading within a resistance range of $2.58 to $2.73. After a strong surge from its lowest levels in February, the price struggles to surpass $2.79, which is critical for maintaining its bullish trend.
Key Support and Resistance Levels for XRP
The XRP price could be viewed as failing its upward attempts if it dips below $2.58. In such a scenario, a decline towards the $2.25 to $2.30 range is anticipated. Although there are other support levels below this range, the market reaction in this vicinity should be closely monitored.
For upward movements, the most significant resistance is at $2.79. If this level is surpassed, the price may move towards $3. However, as long as XRP remains below $2.79, downward pressure could persist.
Notable Bearish Divergence Formation
A bearish divergence formation is evident in XRP’s daily and three-day price charts. While the price reaches higher levels, the RSI indicator has remained lower, suggesting an increased likelihood of a decline or sideways movement. If XRP falls below $2.58, this bearish divergence could continue to exert pressure, dragging the price towards the next support area.
The recent short-term decline is also seen as a consequence of this divergence. Despite the price increase, the drop in the RSI indicates intensifying selling pressure in the market.
Currently, XRP is trading at $2.56, down 1.88% in the last 24 hours.
