XRP 4H Testing Demand Zone at $2.82, Will $2.74 Hold as Support?

XRP is under pressure on the 4H timeframe, retesting the $2.82 demand zone after breaking below the EMA cluster (20/50/200). This area has acted as support several times in August, making it a crucial line in the sand for bulls.

EMA Cluster: With all three EMAs now trending above price ($2.91–$2.99), they’ve flipped into overhead resistance. Until reclaimed, momentum favors sellers.

Support Zones: The grey box at $2.82–$2.85 is the first layer of defense. A clean break below here exposes the purple support at $2.74, which aligns with a strong historical reaction point.

MACD: Histogram momentum continues to expand in the bearish zone, signaling increasing downside pressure.

Stoch RSI: Currently in deep oversold territory, opening the door for a potential relief bounce if buyers step in at support.

Key Scenarios:

Bullish Case: A hold above $2.82 followed by a reclaim of the EMA cluster could fuel recovery toward $3.00–$3.10.

Bearish Case: A breakdown below $2.82 risks acceleration into $2.74. If $2.74 fails, a larger retracement into the $2.60–$2.65 zone may follow.

XRP sits at a pivotal demand zone. Traders should monitor whether $2.82 holds as a springboard, or if sellers drive price into deeper retracement levels.