Key Insights
- XRP may experience a 15% decrease toward $2.60 if it fails to maintain the $3 support level.
- Liquidations exceeding $500 million below the $3 mark could lead to a rapid sell-off.
XRP has frequently surged past the $3 threshold since its notable rise in November 2024, but each attempt has concluded without stability, resulting in successive corrections.
XRP/USD four-hour price chart. Source: TradingView
Recently, the price dipped below the $3 support, being influentially correlated with the 200-4H exponential moving average (EMA).
Analyzing XRP’s Price Decline
Currently, XRP is reflecting a bearish pattern that may prompt a 15% drop towards $2.60 shortly. There’s a notable pattern where the price achieved a rounded peak followed by a sharp drop during a structural triangle formation. This same scenario appears to be reoccurring.
XRP/USD four-hour price chart. Source: TradingView
The four-hour relative strength indicator (RSI) indicates that it has been correcting from overbought levels, still allowing room for a decline.
If XRP closes decisively below $3, there might be rapid long liquidations aiming for $2.89 - $2.73. Conversely, maintaining above $3 can lead to prices reaching $3.20 - $3.40.
This article does not offer investment advice; seek personal research before trading.
