XRP Price Struggles at Crucial Level: Breakdown or Breakout Ahead?
XRP experienced significant selling pressure after briefly testing the $3 level, which caused prices to drop to $2.75, where it has since found temporary support. For traders, this level has become crucial because a clear break below it could indicate additional declines toward the $2.60–$2.50 range. However, a recovery with enough buying power might force XRP to return to its psychological $3 barrier. Technical indicators indicate that the upcoming trading sessions will be crucial, and market sentiment is still cautious.
Ripple Price at Risk: Will $2.75 Hold or Break?
The daily chart of XRP shows a rapid decline toward the $2.75 zone after a sharp rejection near $3. Although buyers have not yet fully recovered control, the Relative Strength Index (RSI) has gotten closer to neutral territory, indicating that selling momentum is slowing down. The significance of the $2.75 level as a short-term support zone is further supported by the fact that it also aligns with the 50-day EMA. A successful defense in this area would lead to a recovery rally toward $2.90 to $3.00, while a failure could result in further losses for XRP.
Whale Activity in XRP Spikes Despite Low Institutional Interest
Compared to Bitcoin and Ethereum, institutional interest in XRP is still low, in part because of the continued regulatory uncertainties. On-chain data, however, indicates that whale wallet activity has increased, which may indicate a buildup before a possible comeback. The state of the cryptocurrency market as a whole, especially Bitcoin’s capacity to maintain above important support levels, will also have a significant impact on XRP’s price trajectory. Long-term investors continue to see drops as buying opportunities, while traders are still waiting for confirmation indications before initiating substantial holdings.
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