The price of $XRP

is currently trading near $2.98, showing a decline after rejecting the key resistance area at $3.66.

Main low: $2.35 represented the low before the recovery.

Consolidation phase: The price stabilized around $2.66 before breaking the resistance barrier strongly.

Bullish movement: A 57% rise pushed the price of Ripple towards $3.66 before it was rejected.

Current phase: The price is declining, testing the demand area between $2.80 and $2.90 where a rebound may form.

Forecast: If the bulls defend this area, Ripple may attempt another push towards $3.20, then eventually retest $3.66. A drop below $2.80 could open the door for a deeper correction.