XRP Faces Potential Further Correction Amid Market Uncertainty, Key Support Levels Under Watch

Key Points

1. XRP price dropped 0.8% in the last 24 hours, indicating a short-term bearish trend.

2. The hourly chart shows a breakdown below the $3.2319 support level, signaling potential continuation of the downward trend.

3. If the weekly candle closes below $3, sellers may intensify, potentially driving the price down to the $2.80 area.

4. At press time, XRP is trading at $3.1569, with market sentiment appearing cautious as support at $3.00 is tested.

5. Traders are advised to monitor key levels like $3.10 and $3.00, using stop-loss orders to manage risk effectively.