XRP News Today: XRP Falls Below $3 as Bearish Indicators Intensify

XRP’s price has pulled back from recent gains, raising questions about whether the decline marks a correction or a consolidation phase. As of the latest data, the token is trading below $2.98 and the 100-hourly Simple Moving Average, having broken below a key bullish trend line at $3.060 on the hourly chart [1]. This breakdown has intensified bearish sentiment, with analysts observing that the price is now at a critical juncture. If XRP fails to retrace above the $3.00 level, it could face further downward pressure, with initial support at $2.920 and a more significant level at $2.880. A close below $2.880 could see the price continue to fall toward $2.810 and then test support at $2.750 [1].

On the technical side, the Hourly MACD for XRP/USD is gaining pace in the bearish zone, while the RSI is trading below the 50 level, indicating weakening momentum [1]. The token is currently within a larger bullish pennant, with potential for a breakout toward $4 if it manages to retest and hold above the 50% Fibonacci retracement level at $2.93. However, a move above $3.5527 would be necessary to confirm a more sustained bullish trend [1].

Analysts are divided on the short-term outlook. Some remain cautiously optimistic, noting that a consolidation above $3 could serve as a precursor to further gains. Others warn of a potential deeper correction if the price continues to struggle against key resistance levels [2]. Price predictions vary significantly, with EGRAG Crypto estimating a linear target of $4.89 and a logarithmic target of $48.90, while Javon Marks anticipates a target of $4.80, contingent on XRP holding above $2.47 [1]. Meanwhile, a forecast from Finance Magnates suggests an 80% gain could push the price to $5.50 by 2025 [3].

The recent pullback has also coincided with broader market dynamics, including leveraged trading activity and open positions exceeding $7.3 billion. Short liquidations near $3.06 have temporarily reinforced bullish momentum, but the market remains sensitive to macroeconomic factors such as U.S. trade policies and the Federal Reserve's stance on interest rates [1].

On-chain activity has also seen significant movement, with leveraged liquidations in the prior week reaching nearly $1 billion, impacting major cryptocurrencies including Bitcoin and Ethereum [1]. Media coverage has contributed to the narrative, with outlets like USA Today highlighting XRP as a potential high-value investment. However, some analysts view this kind of media attention as a potential indicator of a market peak [1].

XRP’s performance is further tied to Ripple’s broader institutional appeal and valuation. The company's $15 billion valuation has fueled expectations of a potential breakout, especially if key resistance levels are successfully breached. However, the recent pullback has tested investor confidence, with some seeing it as a sign of more sustainable growth and others as a warning of overextension [1].

Looking ahead, the next directional move for XRP will largely depend on whether it can stabilize above $3. A successful retest of this level could signal renewed bullish momentum, while a breakdown would likely lead to a deeper correction. Market participants are advised to closely monitor both technical indicators and on-chain activity as the token moves through this pivotal phase.

Source:

[1] Coinedition, [https://coinedition.com/xrp-price-breaks-3-dollars-death-cross-warning/](https://coinedition.com/xrp-price-breaks-3-dollars-death-cross-warning/)

[2] The, [https://m.economictimes.com/news/international/us/xrp-price-prediction-xrp-rebounds-from-2-80-is-the-road-to-5 finally-wide-open/articleshow/123128339.cms](https://m.economictimes.com/news/international/us/xrp-price-prediction-xrp-rebounds-from-2-80-is-the-road-to-5 finally-wide-open/articleshow/123128339.cms)

[3] Finance, [https://www.financemagnates.com/trending/this-new-xrp-price-prediction-shows-xrp can-hit-550-in-2025/](https://www.financemagnates.com/trending/this-new-xrp-price-prediction-shows-xrp can-hit-550-in-2025/)