XRP Falls Under $3: Market-Wide Flush

Ripple (XRP) Price Predictions: Analysis

Key Support Levels: $2.7, $2.5
Key Resistance Levels: $2.9

1. XRP Revisits Key Support

In the past 24 hours, the crypto market experienced the largest liquidation event of the year. This event caused XRP’s price to dip below $3, reaching the crucial support level at $2.7. Buyers must defend this level to prevent a downward trend from developing.

2. Momentum Turns Bearish

As buyers remain on the defensive and lower lows are confirmed, sellers gain the upper hand. Although sellers have not yet breached the $2.7 support, continued bearish momentum suggests this may occur soon. Increasing sell volume signals a negative outlook for current holders.

3. Bearish Cross on MACD

The recent price drop has resulted in a bearish MACD on the daily chart, with the histogram turning negative. This shift makes it difficult for XRP to maintain the $2.7 price level, as sellers are likely to apply continued pressure. If they succeed, the next support level to watch is around $2.5.