XRP Struggles at $2.84 as Bears Loom and Bulls Hope for Rally

XRP faces intense resistance near $2.84 with potential to drop to $2.50 if rejected from the bearish supply zone on the 4H chart.

A break below key support zones could spark algorithmic selling and cascading losses as traders react to the bearish price structure.

Despite short-term bearish pressure, long-term projections suggest XRP could rally toward $27 if historical trendlines continue holding.

XRP’s price action is flashing a major red flag as the cryptocurrency battles strong resistance near $2.84. At this level, according to traders, there maybe a potential sharp drop toward $2.50. This high-stakes moment comes after weeks of volatile trading

Currently trading at $2.8412, XRP has managed only a modest 0.19% gain in the last 4-hour session. However, the broader trend reveals growing pressure. The coin surged from $2.50 to nearly $3.60 in July, but failed to maintain that momentum. Since then, XRP has steadily declined, forming what analysts call a distribution pattern—usually a sign that whales are offloading.

Supply Zone Creates Rejection Risks

According to technical analyst Kamran Asghar, XRP is now inside a crucial supply zone—also known as a bearish Fair Value Gap—between $2.80 and $2.90. This zone often acts like a wall where sellers dominate, and if XRP gets rejected here, the price may tumble.

Source: Kamran Asghar

Moreover, the chart highlights a Break of Structure (BOS), confirming a trend reversal from bullish to bearish. Analysts now expect continued downward pressure, with the next key support located at the $2.50–$2.60 area. This is also where weekly demand and a previous Fair Value Gap overlap.

Besides, if XRP fails to hold this zone, algorithmic selling may trigger further losses. Stop-loss orders placed below current levels could accelerate the drop. Consequently, XRP holders are bracing for potential volatility in the short term.

Long-Term Outlook Still Holds Promise

Despite near-term weakness, long-term analysts Egrag Crypto remain optimistic. He believes XRP is setting up for one final explosive leg upward. Using both log and non-log price scaling, he forecasts a possible move between $4.89 and $48.90. His average projection lands at a bold $27.00 target.

Source: Egrag Crypto

Additionally, XRP’s long-term trendline still holds strong. It has historically served as launch support during market cycles. However, that line is once again being tested.

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