$XRP breaks the $3 mark under strong selling pressure and technical alert signals
Current price & technical structure
XRP is trading near $3.01, after a moderate correction from $3.10–$3.20.
It still reflects firm technical resistance near $3.10–$3.20, while the key support is forming at $3.00–$3.05.
Key factors of the day
A massive operation emerged: 1M CALL contracts on XRP at $4 expiring in December, possibly as a covered call strategy, indicating expectations of medium-term downward pressure.
Analysts highlight that more than 93% of holders are in profit, which historically puts pressure towards significant technical correction.
There are reported possibilities of additional decline if the psychological level of $3 is not regained, with projections of correction towards $2.20–$2.40.
Technical levels of the day
Support: $3.00–$3.05
Immediate resistance: $3.10–$3.15
Critical zone: losing the support of $3.00 could lead the price towards $2.40–$2.50.
Macro/institutional outlook
The current dynamics combine mixed signals: while some traders bet on a momentum rebound, the technical environment and the risk of overbought suggest caution. However, potential institutional entries or favorable regulatory news could reverse the trend.
Will you see this drop as an opportunity to buy XRP below $3 or do you prefer to wait for rebound confirmation?
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