Usman Salis
XRP (Ripple) is experiencing a tough period as selling pressure intensifies following its inability to maintain momentum above the $3.00 threshold. Currently trading at $2.7268, the token has dropped nearly 3% over the past 24 hours. The focus now shifts to whether the critical $2.70 support can withstand the ongoing bearish assault, as this level has historically acted as a key defense zone for buyers.
XRP Price Outlook
Trader @amina_chattha recently highlighted that XRP's momentum is clearly weakening, with bears consistently pressuring the $2.70 support zone.
Her analysis suggests this level is make-or-break: if bulls can successfully defend it, we might see a bounce, but any decisive break lower could trigger significant selling and push prices much deeper.
XRP Price Technical Snapshot
Looking at the 4-hour chart, XRP has been trending downward consistently after hitting highs above $3.10. The pattern shows classic bearish structure with lower highs and lower lows forming.
Key levels:
- Current price: $2.7268
- 24H decline: -2.94%
- Critical support: $2.70
- Next support: $2.60
- Resistance zones: $2.85 and $3.00
If XRP manages to bounce from current levels, traders will be watching for a move toward $2.85, with $3.00 representing the major psychological hurdle. However, if support fails, a drop to $2.60 becomes increasingly likely, potentially opening the door for deeper losses.
Why the $2.70 Level Matters for XRP
The $2.70 zone has emerged as a crucial battlefield. Over recent weeks, each test of this level has attracted buying interest, indicating solid demand. Successfully holding here would help maintain some bullish structure.
But here's the catch - repeated tests often weaken support levels, making them more vulnerable to breaking. If $2.70 gives way, it could unleash a wave of selling that pushes XRP into extended consolidation below $2.60.
Market Sentiment and Broader Context
XRP's price action isn't happening in isolation. The broader crypto market has been under pressure, with reduced liquidity and cautious investor sentiment weighing on altcoins. Additionally, ongoing regulatory developments around Ripple continue to influence trader psychology, though these factors have become less dominant in recent months.
What's Next for XRP Price?
XRP stands at a crossroads with $2.70 as the line in the sand. The next few sessions are crucial - a successful defense could spark a recovery toward $2.85-$3.00, restoring some near-term confidence. But if bears break through, expect a continuation toward $2.60 or potentially lower.
The $2.70 support remains the key level to watch. How XRP responds here will likely determine whether we see stabilization and a potential bounce, or if the bearish pressure continues to intensify.
Usman Salis
