XRP Faces Potential Correction as $2.90 Support Is Tested Amid Bearish Momentum

Key Points

1. XRP's price has dropped from a peak near $3.50, with the $2.90 level now acting as critical support; failure to hold this level may test the $2.55–$2.40 range.

2. Technical indicators like the RSI (51.54) and MACD show cooling bullish momentum and increasing downward pressure.

3. The $2.55–$2.40 range previously served as resistance and may now act as a stabilization zone if $2.90 support fails.

4. A rebound toward $3.30–$3.50 is possible if support holds, but sustained selling pressure could push prices down to $1.90.

5. Reclaiming bullish momentum would require an RSI above 55 and increased buying volume; otherwise, bearish trends may persist.