Analyst Says XRP Could Drop to $3, Creating a Potential Entry Point
- XRP breaks $3,15 support, creating uncertainty in the market.
- XRP price may drop to $3, creating a buying opportunity.
- Ali's analysis points to a possible pullback, focusing on $3,00.
XRP's price has fallen below the critical support zone of $3,15, generating market uncertainty. There's growing concern that the token could fall further, possibly reaching the $3,00 mark, a key psychological level.
Analyst Ali highlighted that the $3,15 range serves as crucial support for XRP. If the price fails to hold above this level, a deeper correction could occur, creating a profitable buying opportunity for alert investors.
If $ Xrp loses the $3.15 support level, a pullback to $3 becomes likely, which could present a solid buy-the-dip opportunity! pic.twitter.com/peZEkuwtEu
XRP is currently trading at $3,12, down 4% in the last 24 hours and over 12% in the last week. Trading volume remains robust, exceeding $8 billion, but selling pressure has intensified, pushing the market cap to $185,3 billion.
Technical analysis suggests that although XRP attempted to recover earlier this week, with the price fluctuating between $3,30 and $3,35, it is still struggling to sustain this upward movement. The accumulation of bearish candlesticks below support reinforces uncertainty about the price direction. Traders are now closely monitoring whether XRP will be able to reclaim the $3,15 level or continue its downward trajectory towards $3,00.
If this pullback occurs, the correction could reset investor expectations, as investors are already focusing on macroeconomic developments related to ETFs and the growing institutional adoption through Ripple's XRPL infrastructure. For many experienced investors, a potential return to $3 could be an excellent entry opportunity.
Although XRP bulls are struggling to regain control, uncertainty persists. The market awaits the next moves, which could reveal a valuable opportunity for those who know how to act at the right time.
