🔻 $XRP retreats to $3.10 after strong institutional selling — will the support hold?
📊 Current price and technical structure
Current price: ~$3.10
Intraday range: $3.02 – $3.17
XRP has fallen 2.6% since its last peak near $3.60, breaking critical supports while consolidating at lower levels.
⚙️ Key factors of the day
Massive outflows: $2.81B in XRP were sold from exchanges in the last week, marking significant bearish pressure.
Separation between price and activity: active addresses plummeted by 44%, and open interest in futures also fell indicating lower confidence.
Several experts consider the correction to be “healthy,” but warn of possible declines if it loses support at $3.10–$3.00.
🔧 Technical level of the day
📌 Immediate support: $3.02–$3.10 (psychological zone and technical base)
📌 Resistance: $3.30–$3.50 (previous unconfirmed levels)
🎯 Critical zone: losing $3.00 could pave the way for a deeper correction towards $2.65–$2.80.
🌐 Institutional outlook / macro view
Despite the retreat, institutional analysts remain optimistic about XRP: its favorable regulatory position, adoption in remittances, and legal backstory keep targets of $6–$10 valid if the support holds.
Is this the best time to buy $XRP near $3 or would you prefer to wait for confirmation above $3.30? 👍 for buying, 👎 for patience.
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