XRP Plunges Below $3: Is This the End of the Bull Run?

XRP just got hammered—dropping below the critical $3 support level that bulls were desperately clinging to. The breakdown signals potential trouble ahead for optimistic holders.

Technical carnage unfolding

Market structure shattered as selling pressure overwhelms every buy order. The psychological $3 barrier wasn't just broken—it was obliterated like another overhyped fintech startup.

Where's the bottom?

Traders scramble for exits while analysts revise targets downward. This isn't a dip—it's a full-scale retreat from previous bullish positions. Volume spikes suggest panic, not accumulation.

Institutional players stay quiet—probably too busy counting their shorts. Retail 'hodlers' get another brutal lesson in crypto volatility while the usual influencers chirp 'buy the dip' from their verified accounts. Because nothing says financial advice like a cartoon avatar and rocket emojis.

XRP Price Dips In The Red

XRP price remained in a bearish zone after a close below the $3.120 level, like Bitcoin and Ethereum. The price extended losses and traded below the $3.00 support zone.

The price even declined below $2.920. Finally, it tested the $2.850 support zone. A low was formed at $2.850 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward MOVE from the $3.095 swing high to the $2.850 low.

The price is now trading below $3.00 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance NEAR the $2.90 level. The first major resistance is near the $2.920 level.

A clear move above the $2.920 resistance might send the price toward the $3.00 resistance. There is also a bearish trend line forming with resistance at $3.00 on the hourly chart of the XRP/USD pair. It is close to the 50% Fib retracement level of the downward move from the $3.095 swing high to the $2.850 low.

Any more gains might send the price toward the $3.050 resistance. The next major hurdle for the bulls might be near $3.120.

More Downside?

If XRP fails to clear the $2.920 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.850 level. The next major support is near the $2.80 level.

If there is a downside break and a close below the $2.80 level, the price might continue to decline toward the $2.740 support. The next major support sits near the $2.720 zone, below which there could be a larger decline.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.850 and $2.740.

Major Resistance Levels – $2.920 and $3.00.