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XRP is currently showing signs of weakness after its recent rally, and technical signals show that the token could be preparing for a deeper pullback. While the price remains above important support levels, chart patterns and broader market conditions are flashing early warning signs.
Bearish Divergence on the Weekly Chart
On the weekly timeframe, a bearish divergence is forming. While XRP’s price has made higher highs, the Relative Strength Index (RSI) is printing lower highs. This kind of divergence is often a hint that momentum is slowing down. Although this signal hasn’t been confirmed yet, if it does in the coming weeks or months, XRP may face a stronger correction.
According to analyst Josh of Crypto World, support lies around the $3.00 mark, while the next major resistance is between $4.60 and $4.70. These zones are based on Fibonacci levels, which are commonly used to predict where prices could reverse.
Daily Chart Shows Breakdown Signs
On the daily chart, XRP is struggling to hold the $3.30–$3.40 range, which recently acted as strong support. If the price closes below $3.30 and fails to recover, this could confirm a bearish shift in short-term trend. In that case, XRP may head toward $3.00 or even $2.95.
The 38.2% Fibonacci retracement level around $2.95 is a critical support area during market corrections. If this level holds, XRP could bounce. But if the price drops below $2.75 and then $2.65, a retest of April’s lows becomes possible.
Broader Market Impact
XRP is not alone. Ethereum is facing resistance and showing short-term bearish divergence, while Bitcoin struggles to break higher. Bitcoin dominance has also ticked upward, often a bearish signal for altcoins. This overall market pressure is affecting XRP’s outlook in the near term.
For now, XRP needs to hold above $2.75 to keep hopes of a continued rally alive. If it manages to reclaim $3.36, the correction might be over.
