• XRP trades at $2.86 with weak momentum as analysts warn that resistance could block sharp rebounds.
• A bearish head-and-shoulders pattern signals risk, while support tests decide the next XRP move.
• RSI stays neutral, MACD bearish, and sideways trading is likely unless buying volume increases.

XRP is likely to experience short-term pressure and less upward momentum. Analysts expect the market to trade sideways unless there is great interest in buying. Market sentiment is indicating cautious actions, and resistance levels should probably limit any sharp rebound.

Ripple (XRP) is currently trading at $2.86, representing a 4.89% decline over the past day. The trading volume has declined by 3.17% and is currently standing at $6.44 billion. Over the past week, the price of the XRP coin has decreased by 0.24%.

Source: CoinMarketCap

XRP Consolidates at $2.86 While Bearish Signals Strengthen

BitGuru, a crypto analyst, highlighted that XRP has drawn a head-and-shoulders pattern. It is a bearish arrangement that usually indicates weakness. The price is stabilizing around $2.86. There are multiple tests of support. A bounce back could be directed towards the level of $3.10 should the level hold. Any breakdown may result in further losses and a continuation of the bearish trend.

Source: X

However, another analyst, Man of Bitcoin, mentioned that XRP remains trapped between resistance and support. He said that the bullish argument is valid provided the price does not fall below $2.7794. Any inability to remain above that mark may result in additional selling. The market remains cautious. Traders are awaiting confirmation prior to taking bigger positions.

Source: X

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RSI Holds Steady as MACD Confirms Bearish Bias

The Relative Strength Index (RSI) is currently neutral. This shows that the market is not experiencing oversold or overbought conditions. In case RSI falls under 40, the selling pressure will increase. There is a possibility of buying pressure when the RSI exceeds 60. Traders are closely monitoring the RSI as an early indicator.

Moving Average Convergence Divergence (MACD) verifies bearish conditions. The MACD line is situated beneath the signal line. The histogram bars are narrowing, which indicates less selling momentum. A bullish crossover would occur if the momentum changes. Any upward movement would require greater volume support. 

Source: TradingView

The future of Ripple is not quite clear. The levels of resistance stand in the way of permanent recovery. Support zones prevent deeper collapses. Analysts anticipate a sideways trade as demand comes back. Market sentiment remains cautious, showing low conviction from both buyers and sellers. The breakthrough will require more solid involvement by buyers or sellers.

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