XRP News Today: XRP Stuck Below $3.14 Amid Flag Breakdown and Bearish Channel Pressure

XRP remains confined within a key trading range as it struggles to break above $3.14, a level that has proven challenging after a period of consolidation between $3.10 and $3.14. At the time of writing, XRP was trading at $3.11, with a 3.4% price decline over the past week based on the 4-hour interval close. The $3.14 resistance level, coupled with the 21-period moving average, serves as a prominent obstacle for bullish continuation [1].

The recent 4-hour chart indicates that XRP has broken below a previously ascending flag structure, leading to a short-term dip near $3.04, a key support level that has held multiple times. Price action has since stabilized and is attempting a push back toward the flag’s lower trendline. The 21-period moving average has flattened just above the current price, acting as dynamic resistance. A close above $3.14—aligned with both the MA and the breakdown zone—could trigger a move toward $3.17, with a potential extension to $3.33, a level matching recent swing highs [1].

The breakdown of the previously rising pink channel on the 4-hour chart signals continued bearish pressure, despite intermittent attempts at intraday recovery. The presence of Parabolic SAR dots above the candles reinforces the ongoing downtrend bias. Failure to retest the $3.14–$3.17 resistance area could expose XRP to further declines. A confirmed drop below $3.04 would invalidate the existing support structure and potentially push the price toward the psychological $3.00 level or even $2.95, where previous demand was observed [1].

Momentum remains neutral, with low volatility indicating that the market is in a state of anticipation, waiting for a decisive breakout. While the bearish flag breakdown suggests caution, the $3.04 support has shown resilience. The current sideways consolidation implies that until XRP makes a firm move above $3.17 or below $3.04, price action is likely to remain range-bound. Traders may watch for a closing candle—either daily or 4-hourly—beyond these levels to confirm the direction of the trend [1].

Source: [1] XRP Struggles Below $3.14 as Bulls Eye Breakout From Falling Channel (https://cryptonewsland.com/xrp-struggles-below-3-14-as-bulls-eye-breakout/)