XRP has just broken below the $3 support, marking a negative technical signal on the weekly chart. With a highly volatile price structure, a deep correction to $2.50, or even $2, is entirely possible.
Key Points:
Breaking the $3 support: A clear bearish signal on the weekly chart, indicating prolonged correction pressure.
Nearest support: $2.55–$2.62. If it breaks further, the $2 region will be the next target.
Pressure from Bitcoin Dominance: Capital is flowing out of altcoins, putting significant pressure on XRP.
Weak technical signals: The weekly candle shows a bearish divergence, indicating the possibility of entering an accumulation phase or a deeper decline.
Risks and Opportunities:
High volatility makes XRP susceptible to sell-offs, but it also opens up opportunities for accumulation at lower price levels.
A 30% drop from the recent high could occur if the negative trend continues.
Macroeconomic Impact:
Monetary policy, interest rates, and global management continue to create an unpredictable environment for altcoins.
When Bitcoin dominates, altcoins like XRP often face deeper selling pressure than the overall market.
✅ Investor Strategy:
Monitor the technical support and cash flow closely.
Set clear stop-loss/take-profit points.
Reassess the position if the price approaches the $2.50 region or breaks below $2.90.