XRP Faces Selling Pressure After $3.40 Rejection: Could a Move to $2.50 Be Next?

Key Points

1. XRP lost crucial support at $3.40, indicating further downward momentum.

2. Whales purchased 900 million XRP following the SEC case settlement, boosting trading volume to $8.77 billion, a 69% rise.

3. A break above $3.27 could target $3.37, $3.51, and $3.60; a drop below $2.95 invalidates bullish scenarios.

4. The $2.40–$2.60 range is highlighted as a potential buy zone.

5. Regulatory clarity has boosted interest in XRP, but market direction remains tied to key technical levels.