XRP Eyes $3 Support Test; Risk of Plunge to $2
XRP price is trading just below $3 after a 10% drop over the past week. The token has formed a near-term support zone between $2.91 and $3.09. A break above the immediate resistance at $3.21 could open the door to further gains toward $3.39, representing a 15% rally from current levels. Over the past six months, XRP price has gained over 25%, demonstrating resilience amid market volatility. However, if the $3 support fails, XRP could fall sharply to $2, testing traders’ confidence. Crypto traders should watch trading volumes and market sentiment for clues. Holding above key support remains essential for any short-term bounce. Conversely, failure to defend the $3 zone may trigger a bearish move. Monitoring resistance at $3.21 and $3.39 will help identify upside targets. Overall, the next few days will be pivotal for XRP price direction as bulls and bears vie for control.
Bearish
The article highlights a critical support test at $3 for XRP. A break below this level could trigger accelerated selling pressure, as traders rush to exit positions, increasing bearish momentum. Similar scenarios occurred in the past, such as in March 2025 when a failed retest of $0.80 led to a swift 20% drop for XRP. In the short term, falling below $3 may prompt stop-loss cascades, deepening the decline toward $2. However, if bulls defend this zone, a rebound toward resistance levels could ensue. Over the longer term, XRP’s fundamentals and regulatory developments will guide its recovery. Nonetheless, immediate price action suggests heightened downside risk until key support proves sustainable, making the outlook distinctly bearish.