Ripple Drops 11% in 3 Days — But Here's Why the $XRP Army Shouldn't Panic Just Yet

XRP has taken a hit this week, falling over 11% and slipping from $2.7 to $2.3 after failing to break key resistance levels on both Monday and Wednesday. The dip followed Judge Torres’s decision to reject a proposed $50 million settlement between Ripple and the SEC—keeping the legal battle alive.

But there’s a silver lining.

Crypto analyst Ali Martinez has flagged multiple buy signals for XRP on the hourly chart using the TD Sequential indicator, which often points to market exhaustion and potential reversals. In other words, XRP could be gearing up for a bounce.

Still, Martinez warns that the critical support level is at $2.38—and with prices dipping below that mark, XRP holders should stay alert for further downside pressure.

Another concern: Network growth is lagging. According to Santiment, XRP is averaging just 3,500 new wallets per day, far behind Bitcoin’s 309K and Ethereum’s 112K.

Bottom line: The short-term outlook is shaky, but technical indicators suggest a potential rebound. Whether XRP can hold key levels and regain momentum will be crucial in the days ahead.

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