🚨 Ripple Alert: XRP Faces Critical Support Test – A Breakdown Could Trigger Steep Declines

XRP traders are sweating as a key price floor teeters on the brink. Here's what happens next.

The make-or-break moment

Ripple's token is flirting with danger—lose this support level, and the bears could feast. Technical charts show a worrying pattern forming since last week's sell-off.

Why this matters now

Unlike traditional markets that close at 4 PM, crypto never sleeps—meaning this support could crack while you're brushing your teeth. Typical finance folks would call this 'volatility'; we call it Tuesday.

The domino effect

Watch for cascading liquidations if the level breaks. Exchanges' risk engines won't hesitate to trigger stop-losses faster than a Wall Street banker dodging accountability.

Either way—hodl or fold—this week decides XRP's near-term fate. Just remember: in crypto, 'fundamentals' is what we call yesterday's price action.

Technical Analysis

By ShayanMarkets

The USDT Pair

XRP has recently surpassed the significant $3.30 resistance level against USDT, extending a rally that began in early July. This bullish breakout was triggered by the price moving above both the 100-day and 200-day moving averages, which are now trending upward and forming a bullish crossover NEAR the $2.40 area. These moving averages are likely to act as dynamic support in case of a deeper retracement.

Despite the bullish momentum, XRP is showing early signs of rejection at the $3.30 level. The Relative Strength Index (RSI) entered the overbought zone but has since declined below 70, coinciding with the current price pullback. The $3.00 level is now serving as short-term support.

If this level holds, it could provide a solid foundation for the next leg up. However, a break below $3.00 could trigger a more pronounced decline toward the $2.40 region, where the aforementioned moving averages converge.

The BTC Pair

The XRP/BTC chart reflects a similar trend, with Ripple’s token surging from early July and breaking above the 100-day and 200-day moving averages, both positioned near the 2,400 SAT level. This bullish MOVE was met with resistance at 3,200 SAT, where the rally temporarily stalled.

Currently, the market is retesting a bullish fair value gap near the 2,700 SAT area. If this zone provides support, it could serve as a launchpad for another attempt at the 3,200 SAT resistance, with potential for a breakout. Conversely, failure to hold above 2,700 SAT could open the door to a deeper correction, with downside targets around 2,400 SAT or possibly the key 2,000 SAT support level.

Overall, while XRP’s trend remains bullish, short-term caution is warranted due to potential overbought conditions.