XRP Price $2.77 Support Is Crucial to Prevent Drop Toward $2.40

XRP is currently navigating treacherous waters as it hovers around a make-or-break support level. With the cryptocurrency trading at $2.82, all eyes are on the $2.77 zone that has served as a crucial floor for the digital asset. Market participants are closely watching this technical battleground, as its outcome could determine XRP's trajectory in the coming sessions.

XRP Price Struggles Near Key Level

XRP finds itself in a precarious position, clinging to support just above the $2.77 threshold. This price zone has proven its mettle time and again, acting as a reliable safety net during recent market turbulence. Chart analysis reveals multiple bounces from this area, cementing its status as a critical battleground between buyers and sellers.

A successful defense of this level could spark renewed optimism and fuel a recovery rally. Conversely, if this support crumbles, it could unleash a wave of selling pressure that pushes the price significantly lower.

Respected market analyst @ali_charts has sounded the alarm about XRP's current predicament. According to his assessment, the cryptocurrency's technical structure is hanging by a thread, with the $2.77 level serving as the last bastion against a deeper correction.

The analyst highlights a troubling pattern of declining peaks, suggesting that buying interest is gradually fading. Should bears seize control, his forecast points to a potential slide into the mid-$2.00 territory before any meaningful stabilization occurs.

XRP Price Scenarios

Bullish outlook: A successful defense of $2.77 could reignite buyer confidence, potentially driving XRP back toward the $3.10–$3.20 range as bulls reclaim lost territory.

Bearish outlook: A clean break below this critical support would validate bearish concerns, opening the door to a decline toward $2.60 and potentially $2.40 if selling momentum intensifies.

Recent volume patterns paint a concerning picture, with diminishing participation suggesting waning interest. This trend could spell trouble for XRP unless fresh capital enters the market soon.