XRP News Today: XRP Falls 11% as $3.00 Support Tested Amid $18B Liquidations

XRP’s recent price action has drawn sharp attention as the cryptocurrency clings to its $3.00 support level, sparking debates over its near-term trajectory. After reclaiming the $3.09 zone following a drop to the critical $3.00 mark, XRP faces a pivotal test of its resilience. Technical indicators paint a mixed picture: hourly charts show a downward-sloping trend line, while the MACD and RSI signal bearish momentum, with prices fluctuating between $3.05 and $3.30. The 100-hour moving average at $2.98 has emerged as a secondary support, but analysts warn that a failure to hold $3.00 could trigger further declines toward $2.80–$2.60 [1].

The recent 11% drop, attributed to massive liquidations exceeding $18 billion, has created a consolidation phase. XRPunkie, a technical analyst, argues that the sharp pullback—from $1.95 to $3.65 in 30 days followed by a 16% correction—is a normal part of crypto cycles. “It’s a healthy correction. Nothing out of the ordinary in crypto,” they stated, emphasizing that buyers are now stepping in at the $3 support zone [1]. If volume increases and the price stabilizes, this could signal a trend reversal or a new breakout attempt. However, a sustained close below $3.00 would validate bearish scenarios, with Fibonacci retracement levels at $3.05 (38.2%) and $2.849 (50%) acting as key thresholds [3].

Bullish momentum hinges on breaking above $3.350, a current resistance level. A successful breakout could reignite the rally toward $3.60–$4.00, potentially extending to $10–$15 as some models suggest [1]. Conversely, Binance analysts caution that failure to hold $3.60 might drive XRP to $2.80 or lower [2]. The weekly chart, which shows a breakout from a bullish flag pattern, adds to the optimism. Analyst Ali Martinez highlights this as a potential catalyst for a move toward XRP’s all-time high of $15, provided the measured flagpole projection aligns with market dynamics [1].

Market dynamics are further complicated by broader crypto trends, including Bitcoin’s volatility and the ETF freeze, which have created ripple effects. XRP’s 20% gain over seven days contrasts with a 0.8% drop in the past 24 hours, reflecting the tug-of-war between buyers and sellers. The 50-day and 200-day moving averages at $2.43 and $1.82 offer a baseline for bullish sentiment, but the RSI’s overbought conditions (24-hour reading at 83.08) suggest correction risks [1].

The coming weeks will likely hinge on liquidity shifts and institutional activity. A sustained rebound above $3.350 could attract more buyers, while a breakdown below $3.00 might erode confidence. Analysts urge traders to monitor divergences in price and momentum indicators, as these could foreshadow the next directional move [1]. For now, XRP’s defense of $3.00 remains a defining moment, acting as both a potential launchpad for higher prices and a warning of deeper downside.

Sources:

[1] [XRP Flashes Major Sell-off Signal; Is Crash Below $3 Next?](https://finbold.com/xrp-flashes-major-sell-off-signal-is-crash-below-3-next/)

[2] [What You Should Watch If You Hold XRP](https://www.binance.com/en/square/post/27328795859169)

[3] [XRP Price Drops 11% Amid ETF Freeze - Can It Hold $3?](https://coinpedia.org/price-analysis/xrp-price-drops-11-amid-etf-freeze-can-it-hold-3/)

[4] [XRP Price Pulls Back Below $3.30 Amid Bearish Signals](https://www.ainvest.com/news/xrp-news-today-xrp-price-pulls-3-30-bearish-signals-bitcoin-ethereum-consolidate-gains-2507/)