XRP Price Plummets Below $3: Start of a Deeper Bearish Trend?

Jakarta, Pintu News – Ripple (XRP) is back in the spotlight after its price plunged below the psychological $3.00 level. The sell-off has raised concerns about whether the market is entering a broader bearish phase.

After failing to hold above $3.20, XRP’s movement is now following a similar pattern to Bitcoin (BTC) and Ethereum (ETH). This article discusses the factors that led to the decline as well as the chances of a possible recovery.

📊 XRP Price Drop and Driving Factors

The fall of XRP price below the $3.00 support area has the crypto market full of anxiety. After failing to break the strong resistance at $3.20, the price fell through $3.05 and $3.02 respectively, to touch a low of $2.88.

Technically, XRP is now trading below the 100-hourly SMA, indicating seller dominance. A bearish trend line has also formed around $2.98, emphasizing downward pressure. If the support at $2.88 is broken, further downside opportunities are wide open.

Also Read: 5 Shocking Facts About AVAX: Up 10.52% in 24 Hours, Price Breaks IDR 583,000!

🔄 XRP Recovery Opportunities

Despite the pressure, XRP still has rebound potential. If the $2.88 support holds, there is a possibility of the price testing the initial resistance at $2.95, followed by the critical area at $3.00.

If it manages to break the bearish trend above $3.00, the next upside target is at $3.08 (76.4% Fib retracement of the $3.138 → $2.88 decline). Furthermore, the price could test $3.12 to $3.15, although the area is expected to be a tough challenge for buyers.

⚠️ Risk of Further Decline

If XRP fails to break back out of the $3.00 zone, selling pressure is likely to continue. The nearest support level is at $2.88, then $2.80. If broken, the price could drop to $2.74 or even $2.65.

Technical indicators reinforce the bearish scenario:

• TheMACD of XRP/USD shows acceleration in the negative zone.
• TheRSI stayed below 50, signaling that the market sentiment is still bearish.

📝 Conclusion

XRP is currently under immense pressure after plummeting below $3. If key supports at $2.88 and $2.80 fail to hold, a potential deeper correction is highly likely. Conversely, breaking back through the $3.00 level could pave the way for a gradual recovery. Traders and investors should look at important support-resistance levels and technical indicators before making a decision.

Also Read: 5 Facts on Hedera (HBAR) Price Pressure: Can it Survive Above IDR3,940?

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• NewsBTC. XRP Price Dips Below $3. Accessed September 23, 2025