Ripple (XRP) Price Correction Intensifies, Eyes $3 Support
Ripple (XRP) price is in a deep correction after failing to break the $3.6 resistance. The token has formed lower highs and lower lows, dropping to test the critical $3 support level. A decisive break below $3 could trigger a further decline toward $2.7. Technical indicators remain firmly bearish: both the MACD and RSI have crossed into negative territory and continue to trend downward, confirming strong selling pressure. The volume profile over the past two weeks shows sellers dominating five consecutive 3-day candles, although overall trading volume is declining, which may signal exhaustion among bears. Key resistance levels are now at $3.6 and $4, while support sits at $3 and $2.7. Traders tracking Ripple (XRP) price levels should note that declining volume could open a window for buyers to step in. Overall market momentum is bearish, but a rebound may emerge if $3 holds.
Bearish
The news highlights a clear bearish trend in Ripple (XRP) price, characterized by lower highs, lower lows, and sustained selling pressure. Key technical indicators—MACD and RSI—have entered negative territories, signalling no immediate reversal. The volume analysis shows five consecutive 3-day red candles, confirming seller dominance, but declining volume hints at exhaustion. Historically, similar patterns occurred after XRP’s rapid rallies in late 2020 and early 2021, where steep corrections ensued before consolidation and eventual rebounds. In the short term, traders face heightened downside risk, especially if $3 support fails, potentially accelerating selling toward $2.7. In the longer term, if sellers exhaust fully at current support, a rebound could follow, attracting buyers seeking accumulation. For now, the market sentiment remains bearish, but volume dynamics warrant close monitoring for signs of a trend reversal.