XRP Latest News: Slides Toward $2.65 Support as Bears Stay in Control

XRP has been struggling to find its footing lately, and the charts are telling a pretty clear story. Like many other cryptocurrencies, XRP is caught in the grip of selling pressure that’s pushing it toward some critical support levels. With the broader crypto market showing weakness, XRP traders are watching key zones that could either provide a bounce or signal more pain ahead.

XRP Price Rejects Resistance and Confirms Bearish Momentum

The 4-hour XRP chart is showing exactly what many analysts expected – continued weakness with no real surprises. After getting knocked back from the $2.85-$2.90 resistance area, XRP grabbed some liquidity before heading south in a hurry.

Popular trader @TheDustyBC pointed out that XRP’s technical setup looks pretty shaky, with every attempt to bounce getting shut down quickly. Just like Bitcoin and Ethereum, XRP is getting pulled deeper into the red as bears keep the pressure on across the entire crypto space.

Right now, XRP is trading around $2.81, and sellers are clearly aiming for that $2.75-$2.76 support zone. If that level can’t hold the selling pressure, we’re looking at a potential drop toward $2.65, which technical analysts are marking as a possible wave IV low.

This $2.65 area is really important because it’s basically the last major line in the sand. If XRP can hold here, we might see some buying interest come back. But if it breaks down, we’re probably looking at even more downside ahead.

Short Scalps Possible, But Risk Is Elevated

There are still some short-term trading opportunities for those looking to scalp on the bearish momentum. But here’s the thing – you need to be really careful right now. The market is jumpy, and those liquidity sweeps can easily catch traders off guard if they’re not paying attention.

Bottom line: XRP is likely headed for those support tests, might get a bounce, but the risks are still tilted to the downside. If you’re trading this, keep your risk tight and wait for clearer signals before making any big moves.

XRP is basically doing what the rest of the crypto market is doing – trending down. With those key support levels at $2.75 and $2.65 coming up, the next few trading sessions are going to tell us a lot about where this goes next. Bulls need to step up and defend these levels, or we could be looking at another leg down. For now, short-term trades might work, but you’ve got to stay disciplined and patient.