Ripple price prediction: XRP lacks bullish catalysts and may fall to $2.80 faster.

Ripple (XRP) has been losing momentum over the past week and remains in a narrow range, hovering above the key support level. Recently, there has been a lack of new bullish catalysts, and the price continues to be hindered at the short-term resistance level. Analysts state that if the $3 round number cannot be held, short positions may further test $2.80.

XRP's weakness continues to pressure the market, and the technical indicators, especially on the hourly and 4-hour charts, still show bearish momentum. It has failed to recover the range of $3.30 to $3.35, making the range of $3.00 to $3.14 the key battleground for the next movement.

The market should note that a drop of XRP below $3.00 will trigger a downward trend, heading towards $2.80. So far, this risk remains if buyers fail to intervene.

The XRP price is currently hovering within a narrow range of $3.00 to $3.20, and there is currently no indication of any real upward momentum. The price is currently below the 30-day moving average, and every time it attempts to rise, sellers intervene and suppress its increase. The current structure reflects the market's hesitation near a critical area.

XRP Price Analysis

The 4-hour chart shows that a bearish structure has been confirmed, characterized by a break of structure (BOS) and a series of lower highs. The downward trend line and the inclined 30-day moving average both indicate significant bearish pressure.

The XRP price is currently re-testing the key demand area between 3.00 USD and 3.14 USD. Although this area had previously triggered a strong rebound, the momentum is weaker this time. The K-line body is smaller, and the shadows are shallower, indicating market indecision, with trading volume decreasing.

Unless XRP strongly closes above $3.30, the structure will remain bearish.

Most key indicators show a clear bearish tendency. The ADX indicator suggests a strong trend, while the MACD, ROC, and RSI indicators reflect ongoing downside risks. No bullish divergence has appeared yet.

(Source: Trading View)

XRP Price Prediction

Bullish Scenario:

If XRP can reclaim $3.30 and break through the trend line, it could potentially push further up to $3.65 and $3.82. This trend has not yet been confirmed.

Neutral Scenario:

If the area between 3.00 and 3.14 dollars remains unchanged, the XRP price may continue to fluctuate between 3.10 and 3.35 dollars, with lower momentum.

Bearish Scenario:

If XRP falls and closes below $3.00, we may begin to drop more quickly to $2.80, with the next more substantial support level near $2.44, around the 200-day moving average.

The price of XRP is testing a key demand area, with weak momentum and no short-term bullish signals. The short-term trend still leans bearish, especially in the lower time frames where sellers are clearly in control.

Although the current support level is between $3.00 and $3.14, this range is not significant unless the bulls can break through $3.30. Before that, oil prices may continue to consolidate sideways or decline.

Today's trading session is more likely to remain within a narrow range between $3.12 and $3.38, and a breakout or breakdown of this range requires confirmation of the next trend.