XRP down 3% from previous day…fails to break $2.55 resistance

Uk Jin

Summary

XRP (XRP) reportedly failed three times to break through the main resistance at $2.55.
It stated it was trading at $2.42, down 3.11% from the previous day.
It reported that major technical indicators remain in neutral territory, suggesting a short-term adjustment phase.

XRP (XRP) is showing weakness intraday. It appears to have failed once again to break the $2.55 resistance level.

As of 1:15 p.m. on the 3rd (KST), XRP was trading at $2.42, down 3.11% from the previous day, according to CoinMarketCap.

Cryptocurrency-focused outlet CoinDesk analyzed that XRP recently attempted to rise three times near $2.55 but was overwhelmed by selling pressure, strengthening the resistance.

Downward indicators also appeared in technical analysis. CoinDesk said "Major indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) remain in neutral territory," adding "this suggests a short-term correction phase."

XRP