XRP Faces Potential Decline Toward $3 Support Amid Uncertain Bullish Momentum

Key Points

1. XRP broke below the $3.40 threshold, approaching the 20-day EMA at $2.99, a critical support level.

2. A rebound near $3 could reignite bullish momentum, targeting resistance levels at $3.66, $4, and $4.86.

3. A break below the 20-day EMA may confirm a bearish reversal, with potential declines to $2.80 or $2.60.

4. Technical indicators show sellers dominating after XRP failed to hold above $3.40, but buyers may step in near $3.

5. XRP's market capitalization surge highlights its growing adoption, but broader market trends and regulatory developments will influence its performance.