Ripple’s $XRP has come under heavy bearish pressure, slipping 5.02% today. The price opened at $3.15, dropped to a low of $2.95, and is currently trading near $2.96.
📊 Market Highlights
Current Price: $2.96
Daily Drop: -5.02%
Market Cap: $176B
24h Trading Volume: $6.5B (+83.9%)
Liquidations: $20M in XRP positions (Coinglass)
🔎 Technical Outlook
Supports: $2.90 → $2.84 → $2.60 (key zone)
Resistance: $3.02 → $3.08 (if buyers return)
RSI: 29.66 (oversold zone) → Possible rebound signal
MACD: Bearish, momentum weak
CMF (-0.31): Strong selling pressure
BBP (-0.20): Bearish dominance
🧐 What’s Next?
If XRP fails to hold $2.90, deeper support at $2.60 and even $2.00 could be tested.
A bounce above $3.02 may reverse sentiment and open the door for a golden cross rally.
💬 Do you think XRP will rebound from oversold conditions, or are we about to see a hard landing below $2.60?
#XRP #Ripple #CryptoAnalysis
