$XRP

Current Price and Technical Context

Current price: ~$2.97 per XRP

XRP falls about -5% in the last 24 hours, breaking the psychological support of $3 for the first time in weeks.

Key Factors Explaining the Drop

Widespread profit-taking: Larger cryptocurrencies, such as Bitcoin and Ethereum, also retreated collectively, contributing to the downward pressure on XRP.

Liquidations in derivatives: Significant liquidations were recorded, generating volatility — although today XRP manages a slight recovery of +2.5% following a massive liquidation event.

Mixed technical sentiment: While some analysts see the pullback as an opportunity, others warn of bearish technical signals that could anticipate new declines if the current support is not maintained.

Technical Outlook and Levels to Watch

Immediate support: $2.94–$3.00

Key resistance: $3.20–$3.30

Next critical step: If it breaks $2.94, it could visit the range of $2.70–$2.80; but a defined bounce above $3.00 would reinforce the momentum towards $3.20+.

Do you see this pullback as a buying opportunity or do you expect support at $2.94 to be confirmed first? Respond with 👍 if you think it will bounce, or 👎 if you prefer caution.