XRP Reset? Price Just Made Most Important Move

Key Points

1. XRP dropped below $3, facing significant selling pressure and a 10.03% decline over the past week.

2. Early Sunday trading saw a rebound from $2.72 to $2.89, forming an intraday green candlestick, though the price remained down 1.53% in the last 24 hours.

3. Traders are monitoring resistance levels between $2.90 and $3.00 for potential reversal signals.

4. Institutional selling contributed to the price drop, with whales selling over 710 million XRP in 24 hours.

5. On-chain data suggests $2.80 as a temporary buffer, with stronger support below $2.48, while a close above $3.30 could signal a breakout toward $3.60.