XRP is facing significant bearish momentum as its price tests crucial support levels at $3.00 and $2.98. Recent trading data shows XRP declined 0.71% over a 24-hour period, currently trading near $3.04.
Technical indicators reveal heightened downside risk following XRP’s break below the $3.0932 hourly support level. This breach signals potential continuation of the current downtrend, with market sentiment skewed bearish amid strong seller dominance.
Market analysts identify $3.00 and $2.9873 as critical support zones to monitor. Failure to hold these levels may trigger further declines toward the $2.80 range. Experts recommend traders track hourly and daily chart patterns, volume fluctuations, and professional analysis for timely market updates.