XRP News Today: XRP Tests Critical $3.080 Level After 76.4% Fibonacci Retracement, Recovery Hinges On Support Hold

XRP cryptocurrency experienced a critical technical test at the $3.080 level following a 76.4% Fibonacci retracement of its recent upward move from the $3.004 swing low to the $3.330 high, with analysts noting potential reversal signals if the asset stabilizes above this threshold [1]. The digital asset dropped below key support zones including $3.250 and $3.220 earlier in the week, triggering bearish momentum that pushed prices below the $3.120 level before a temporary rebound emerged [1]. This decline distinguished XRP from broader market trends, as Bitcoin and Ethereum showed divergent performance during the same period [1].

Technical analysis suggests a potential bullish reversal could materialize if XRP sustains momentum above the $3.080 level, which now serves as a critical support zone. The cryptocurrency briefly broke above a bearish trend line with resistance at $3.120 on hourly charts, signaling initial recovery momentum [1]. However, the asset remains below both the $3.20 level and the 100-hourly Simple Moving Average, with immediate resistance identified near $3.170 and the critical $3.20 threshold [1]. A decisive breach of the $3.20 resistance could propel XRP toward higher targets at $3.250, $3.330, and potentially $3.40, though analysts caution that failure to clear this level might trigger further declines [1].

The Relative Strength Index (RSI) has moved above the 50 level, indicating reduced bearish pressure, but the MACD remains in bearish territory with waning momentum [1]. This mixed technical outlook underscores the asset’s fragility, as bulls must contend with multiple resistance levels while bears hold key support thresholds at $3.080 and $3.020. A breakdown below $3.020 could extend losses toward the $3.00 support level, with additional defensive positioning expected near $2.980 [1].

Market participants are closely monitoring XRP’s ability to consolidate above $3.080, as this would determine whether the current recovery gains traction or collapses into a broader downtrend. The cryptocurrency’s performance against these critical thresholds will likely influence near-term price action, with bulls needing to overcome the $3.20 resistance to validate a sustained reversal [1].

Source: [1] XRP Finds Support at $3.080 Level After 76.4% Fibonacci Retracement Test, [https://coinmarketcap.com/community/articles/6889a6a313fbdc7b20c0eb1e/](https://coinmarketcap.com/community/articles/6889a6a313fbdc7b20c0eb1e/)