Ripple Drops Below $3 — Analyst Warns XRP Could Fall Even Further

Jakarta, Pintu News – The price of XRP recently fell through the psychologically important support level of $3, and was around $2.96 on August 6.

In the last 24 hours, XRP’s market capitalization plummeted by $5 billion, along with a 2.5% price drop that was largely triggered by a large volume sell-off.

Even so, analysts expect the downward pressure to continue. In his latest post on the X platform (formerly Twitter), renowned analyst Ali Martinez revealed that the Tom DeMark (TD) Sequential indicator on the 3-day chart had given a sell signal just as the local price of XRP peaked at $3.60.

XRP Threatens to Fall Further, $3 Support Starts to Crumble?

Crypto analyst, Ali Martinez, highlighted that while the $3 level has been an important support zone historically, the actual price floor that might arrest the decline is in the $2.48-$2.40 range.

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He also mentioned that the $2.80 level may only be a weak temporary support.

On the other hand, on-chain data shows that over 720 million XRP has been sold by whale wallets in the past 24 hours. This large sell-off signals that large holders are starting to reorganize their portfolios amid increasing market uncertainty.

Martinez also noted the appearance of a death cross pattern on the Market Value to Realized Value (MVRV)ratio-an indicator that usually signals a prolonged downward trend in the crypto market.

Is the XRP Price Now in the Hands of Bears?

Although weakening signals continue to emerge, community sentiment on CoinMarketCap is still quite optimistic. As many as 88% of users still predict there will be a price rebound in the near future.

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On XRP’s daily chart, the RSI indicator is currently in the neutral zone but showing a downward trend. If the RSI breaks below the 45 mark, it will confirm the bears’ dominance, with crucial support levels at $2.80 and $2.40.

As of August 6, XRP price is also trading near the lower Bollinger Band, which indicates potential high volatility. If the price closes below the lower band around $2.74, the decline is likely to accelerate.

On the other hand, the middle band (20-day SMA) at $3.16 is now an important resistance that must be broken for uptrend recovery.

Meanwhile, the MACD line has cut below the signal line, accompanied by a growing bearish histogram-confirming the downward momentum with no sign of a reversal in the near term.

If the price of XRP does not return above $3 soon, bear dominance is expected to continue in the short term.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. XRP Price Tanks Below $3, Analyst Sees More Pain Coming. Accessed on August 7, 2025