XRP fell by 2.77% over the past week after reaching a high of $3.40. Despite the recent rise that lifted the price from $2.80, the current correction shows selling pressure.
Key observations:
Resistance: The downward trend remains — the price is forming consecutive lower highs.
Moving averages: The 50-day SMA ($3.08) and 200-day SMA ($3.10) are above the current price, indicating a bearish bias.
Support: The nearest level is $2.80. If it is broken, the next psychological level will be $2.50.
RSI: 32.56 — close to the oversold zone, a short-term bounce is possible.
Macroeconomic background:
A fall of Bitcoin to $110,000 could trigger a significant decline in altcoins, including XRP.
A slowdown in Ethereum's growth could intensify capital outflow from altcoins.
Forecasts:
Bullish scenario: Recovery above $3.10 with stable BTC could bring the price back to $3.40.
Bearish scenario: A break below $2.80 and weakness in BTC could lead to XRP falling to $2.50 and even $2.00 (potential decline of nearly 30% from the current level).
💡 Conclusion:
In the short term, attention should be kept on the range of $3.00–$2.80. A strong breakout will confirm the bearish trend, but the current correction is not global — XRP is still showing significant growth over 90 days (+30%) and over the year (+442%).
