XRP News Today: XRP Price Falls Below $3 as Bearish Momentum Intensifies

XRP has continued to fall, with its price slipping below the $3.00 level, a critical marker for both sentiment and technical analysis. The decline has persisted below the 100-hourly Simple Moving Average, reinforcing a bearish trend that shows no immediate signs of reversing. The breakdown below $3.120 proved pivotal, as the asset continued to lose ground, testing the $2.850 support level [1]. This movement suggests that short-term buyers have yet to step in meaningfully, and the pressure on bulls continues to mount.

The technical landscape also reflects the ongoing weakness. The hourly MACD is gaining bearish momentum, and the RSI has fallen below the 50 level, indicating continued downward bias in the near term [1]. A significant recovery would require a move above $2.920, the immediate resistance level. However, even a breakout above that threshold may not necessarily signal a reversal unless it holds convincingly against the $3.00 psychological level [1].

Market observers note that the current price action could be interpreted in different ways. While the sharp decline might indicate a struggle for control in the short term, some analysts suggest it may also be a test of market resilience rather than an outright bearish collapse [2]. The psychological impact of dropping below $3 is considerable, particularly in a market that remains highly sensitive to liquidity shifts and positioning changes.

The broader cryptocurrency market is also showing signs of strain. Bitcoin and Ethereum have mirrored XRP’s bearish momentum, contributing to a broader sense of caution. One forecast suggests that a $300 billion sell-off may be looming across major digital assets, with potential spillover effects affecting not just XRP but also Bitcoin and Ethereum [3]. This macroeconomic backdrop could further intensify volatility in the near term, adding to the uncertainty faced by traders and investors.

Despite the bearish trend, some market participants have expressed cautious optimism about buying opportunities at lower levels, though the path to a recovery remains unclear. A sustained move above $2.920 would be necessary to trigger a retest of the $3.00 level, but until that happens, risk management and downside protection will remain the primary focus for market participants [1].

The next few days could prove crucial in determining whether XRP consolidates in the current range or continues its decline toward lower support levels such as $2.740 and $2.720. Until more clarity emerges, the asset remains in a bearish phase, with traders closely watching key technical levels and on-chain activity for signs of a potential reversal [1].

Source:

[1] NewsBTC, [https://www.newsbtc.com/analysis/xrp/xrp-price-crashes-below-3/](https://www.newsbtc.com/analysis/xrp/xrp-price-crashes-below-3/)

[2] Binance, [https://www.binance.com/en/square/post/28500956934769](https://www.binance.com/en/square/post/28500956934769)

[3] InteractiveCrypto, [https://www.interactivecrypto.com/crypto-crash-alert-300b-sell-off-looms-for-bitcoin-ethereumare-you-prepared](https://www.interactivecrypto.com/crypto-crash-alert-300b-sell-off-looms-for-bitcoin-ethereumare-you-prepared)