XRP Price Drops Below $3 – Could a Larger Bearish Wave Be Coming?

XRP is under pressure. After failing to sustain gains above $3.20, the token has started a fresh decline and is now trading below the key $3.00 level. Traders are watching critical technical zones that could determine the next move.

XRP Loses Key Support The price was unable to hold above $3.20 and gradually broke support zones at $3.05 and $3.02. Bears pushed the token down through the psychological $3.00 mark. A short-term low was formed near $2.88, from where the price is now attempting to consolidate. On the XRP/USD hourly chart, a bearish trend line has also formed with resistance around $2.98, making it harder for bulls to stage a comeback.

Key Technical Signals 🔹 XRP price trades below $2.95 and under the 100-hour simple moving average

🔹 Fibonacci retracement shows the price hasn’t reclaimed even 23.6% of the decline from the $3.138 swing high to the $2.88 low

🔹 MACD on the hourly chart is gaining bearish momentum

🔹 RSI sits below 50, reflecting weak buying pressure

🔹 Short-term averages (10-day EMA and SMA) indicate selling pressure, while longer-term averages (50, 100, 200-day) remain broadly bullish

Resistance Levels If XRP attempts a recovery, the first hurdle lies at $2.95. Stronger resistance waits at the $3.00 mark, reinforced by the bearish trend line. A successful breakout could open the way toward $3.08 and then $3.12. Another major challenge stands at $3.15, where bulls may face rejection.

Further Downside Risks If XRP fails to reclaim $3.00, bears may tighten their grip. In that case, traders are watching these levels: 🔹 $2.88 – immediate support, a breakdown could trigger deeper losses

🔹 $2.80 – a critical zone, its failure could spark a stronger sell-off

🔹 $2.74 – another key level where defensive buying might emerge

🔹 $2.65 – a breach here could drag XRP into a deeper bearish phase

Conclusion Despite the long-awaited legal clarity after Ripple’s SEC settlement and ongoing ecosystem growth, XRP remains vulnerable to market swings. The token is currently stuck in a sensitive range, caught between short-term speculators and long-term holders. If bulls can’t quickly reclaim the $3 level, XRP may face extended downside pressure. But a decisive breakout above $3 could restore confidence and reopen the path to further upside tests.

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