XRP is undergoing an unstructured price drop approaching the $3.12 level, with both momentum and trading volume weakening significantly. This suggests heightened market uncertainty and potential for increased volatility in valuation.
The decline occurs alongside critically watched support thresholds at $3.00 and $2.75, with the 21-day exponential moving average providing only temporary relief near $3.00. More substantial support is established between $2.99 and $2.75, where buyers are expected to reinforce the price floor.
Persistent low trading volume indicates minimal market conviction, exacerbating the erratic price behavior. Technical analysts warn that a decisive break below $2.75 could accelerate losses toward the $2.50 benchmark.
Given the current indecisive and illiquid market conditions, traders are strongly advised to avoid leveraged positions due to heightened liquidation risks.