XRP Fails $3.09 Resistance as Bears Try to Push XRP Price Back To $2.96

• Price of XRP fails to break the key resistance level at $3.09
• XRP now in a period of consolidation, testing the psychological $3.00 level
• Technical indicators show neutral momentum in line with the broader market indecision ahead of Fed Chair Jerome Powell’s speech at Jackson Hole today

XRP has run into a wall of sellers at the $3.09 resistance level and the price is now being pulled back to where the bears eye the $2.96 support zone. While the token is still holding the critical $3.00 mark, XRP’s price action has come out as a classic tug-of-war between bulls and bears. 

With trading volume climbing and liquidations mounting, investors are closely watching whether XRP can stabilize or if a deeper pullback is coming.

XRP’s Consolidation Around $3.00

The token touched an intraday high near $3.08 but quickly retraced, settling around the psychological $3.00 area. Holding this level is significant for sustaining bullish sentiment, yet repeated rejections at $3.07–$3.08 show that sellers remain active. 

XRP’s immediate support zone to watch is between $2.92 and $2.95. A breakdown here could send XRP closer to the next ma…

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