XRP Price Faces Potential Further Decline Toward $3 Support Amid Market Selling Pressure
Main Idea
XRP price is experiencing bearish momentum, currently testing key support levels at $3.00 and $2.98, with potential for further decline toward $2.80 if these supports fail.
Key Points
1. XRP price fell 0.71% in the last 24 hours, trading at $3.04, indicating bearish pressure.
2. Hourly charts show XRP breaking below the $3.0932 support level, signaling a potential continuation of the downtrend.
3. Critical support zones to watch are $3.00 and $2.9873; a breach could lead to further decline toward $2.80.
4. Market sentiment is predominantly bearish, with sellers dominating price action.
5. Experts recommend monitoring hourly and daily charts, volume changes, and expert analysis for timely updates on XRP's price movements.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! XRP is currently
Latest News
- Bitcoin Analysis: August and September Typically Mark Weakest BTC Performance Amid Market Consolidation2025-08-01 08:28:31
- Binance Alpha May Expand Early-Stage Crypto Access with MOMOFUN (MM) Listing on August 32025-08-01 08:28:06
- Valereum Plc Considers Raising £500,000 for Potential Bitcoin Treasury Amid Stock Price Dip2025-08-01 08:27:28
- Bitcoin Liquidation Intensity Could Surge to $609 Million if Price Drops Below $114,000, Coinglass Data Reveals2025-08-01 08:12:06
- Jamie Dimon Highlights Potential of Stablecoins While Expressing Caution on Bitcoin Investment2025-08-01 08:09:41