XRP Price Near $2.78: Will Bulls Push Toward $3.40 or Lose $2.65 Support?

• XRP holds at $2.78 after a 0.22% rise, while daily trading volume declines 2.31% to $6.34 billion.
• The coin has dropped 4.15% over the past week, signaling persistent selling pressure and weak momentum.
• Resistance lies at $2.85–$3.13, while a close under $2.65 could spark sharper downside movement.

XRP is currently trading at $2.78, up slightly by 0.22% over the past day. The token broke this level as the overall trading activity decreased. Trading volume is decreased by 2.31% and is currently at $6.34 billion. This dip indicates a decrease in volume, but a small correction in the upward rebalance of the coin.

Source: CoinMarketCap

In the last seven days, XRP has lost 4.15%, reversing a lot of gains. The decline over the week is reflecting continued selling pressure and bearish sentiment across the market. Despite the short-term upward move reflecting strength, the long-term trend is still negative as volume continues to weaken.

XRP Tests Crucial Barriers With $3.40 as Breakout Target

Analyst Egrag Crypto highlighted three resistance marks. These are $2.85, $2.95, and $3.13. A good close above these levels would confirm bullish continuation. A move towards $3.40 would lead to speculation of a new all-time high. 

Conversely, there is still a downside risk. A retest of $2.65 is still in play. The analyst pointed out that this support zone is important. If the price closes at less than $2.65, then major downside could ensue. A rebound from $2.70 gives bulls a short-term reprieve.

XRP’s price movement depends on testing around $2.65. This stability is sustained in the short term by maintaining this zone. Targets might be attracted to a lower drop. Breaking through the resistance at $2.85 would suggest renewed strength.

Source: X

Also Read: Bitcoin Price Holds Above $110K as Correction Matches Bull Market Pattern

RSI and MACD Point to Weak Momentum in XRP

The RSI 14-day (Relative Strength Index) is now at 40.79 with the signal at 44.98. Both are lower than the neutral mid-range of 50. The readings confirm a lack of momentum and a restricted buying power. The market is showing a conservative sentiment.

The MACD (12,26) line stands at -0.06996. The signal reads -0.04243, and the histogram reads -0.02753. Negative values indicate downward thrust. The narrowing distance between lines implies a balance if buyers engage.

Source: TradingView

The coin is now trading in a compressed range. Sellers are trying to sell high, and buyers are trying to hold down the bottom. The technical signals point to a cautious attitude. In order to verify a strategy, traders must have definable closes.

XRP is currently stuck between demand and resistance. Momentum is for caution, but the dividing line is clear. The next breakout will define if bulls regain control or bears move to additional losses.

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