Technical analysis: XRP - $3.06 (-4.64%)

#Xrp🔥🔥

XRP suffers a strong shake-up, but the long-term structure remains intact.

With a 4.64% drop, XRP shows the largest percentage loss among major cryptocurrencies. The resistance at $3.22 proved to be an impenetrable wall in the short term, leading to a strong sell-off that caused the token to seek support at $3.00. The 4h RSI falls below 45 points, opening space for more selling pressure.

However, the market cap of $181.65B against a $9.19B volume reflects that there is still strength in the market. The key level to maintain is $3.00; losing it could open the way to $2.85, a level that coincides with the structural support of the ascending channel in which XRP has remained since May.

At the macro level, sentiment remains positive following Ripple Labs' legal advance and its banking application in the U.S., but short-term traders seem to be aggressively taking profits.

📌 Key: $3.00 is the line of defense. If lost, bears could take control.

Is XRP falling victim to its own success before the big announcement?

$XRP