XRP Price Battle: Bulls Dig In to Defend $3 as Bears Ramp Up Selling Pressure

XRP's price floor at $3 is under siege—bulls are scrambling to hold the line while sellers pile on pressure. Who blinks first?

### The $3 Standoff: A Make-or-Break Moment

Ripple's token faces its toughest test yet as trading volumes spike and sentiment teeters. No fancy charts needed—this is pure market psychology in action.

### Liquidity Wars: Whales vs. Retail

Order books show institutional players loading up while retail traders panic-sell. Classic crypto—where 'hodl' meets margin calls.

### The Cynic's Corner

Meanwhile, traditional finance pundits clutch their pearls—as if their 0.5% yield portfolios weren’t the real joke.

Next 48 hours will decide whether this is a healthy correction or the start of something uglier. Buckle up.

TLDR

• XRP dropped 5% in 24 hours to $2.97, breaking below the psychological $3 support level
• Technical analysis shows a symmetrical triangle breakdown targeting $2.25, representing a potential 25% decline
• Spot taker volume data reveals continued selling pressure since July 28 following the rally to $3.66
• Key support levels sit between $2.94-$2.72 and $2.60-$2.45, with $2.24 as the final target
• RSI dropped from 61 to 45 over the past week, indicating weakening bullish momentum

XRP price faced continued pressure on Monday, declining 5% over 24 hours to trade at $2.97. The second-largest altcoin broke below the critical $3 psychological support level.

This breakdown marks a concerning development for XRP bulls. The last time XRP closed below $3 with high volume was in January. That event preceded a 50% drop to $1.61 in April.

Technical analysis reveals XRP breaking below a symmetrical triangle pattern on the daily chart. This breakdown puts the token at risk of falling to $2.25. The target represents approximately 25% downside from current levels.

The relative strength index has declined from 61 to 45 over the past week. This drop suggests bulls have lost momentum in their defense of key support levels.

Multiple support zones now come into focus for XRP. The first area of interest lies between the 50-day simple moving average at $2.94 and the local low at $2.72. This zone was reached on August 2.

The second critical support area sits between the 100-day SMA at $2.60 and the 200-day SMA at $2.45. A break below this range WOULD bring $2.24 into play. This level marks where the July rally initially started.

On the hourly timeframe, XRP shows additional weakness. The token trades below $3.05 and the 100-hourly simple moving average. A bearish trend line has formed with resistance at $3.070.

Volume Data Shows Persistent Selling

Spot taker cumulative volume delta analysis reveals concerning trends for XRP bulls. The 90-day CVD shows sell orders have dominated since July 28. This followed XRP’s peak above $3.66 on July 18.

Negative CVD readings indicate profit-taking among traders. The red bars on the chart signal waning demand as sellers maintain control. Historical corrections have followed similar CVD patterns.

The selling pressure began after XRP reached multi-year highs in mid-July. Current data shows 94% of XRP supply remains in profit at present prices. This level has historically coincided with price tops.

Recovery attempts have faced resistance NEAR key Fibonacci levels. Bulls struggled near the 76.4% retracement level of the recent decline. The price failed to reclaim the $3.070 resistance zone.

XRP Price Prediction

On the upside, XRP faces immediate resistance at $3.0450. The first major resistance sits at $3.070, where the bearish trend line provides additional selling pressure.

A clear break above $3.070 could push XRP toward $3.120 resistance. Further gains might target $3.150 or the 50% Fibonacci retracement level of the broader decline.

Downside support begins at $2.942, matching recent lows. The next major support level sits at $2.920. A break below this zone could accelerate declines toward $2.850.

The MACD indicator on hourly charts shows increasing bearish momentum. The RSI has dropped below the 50 neutral level, confirming the negative bias.

Major support levels to watch include $2.940 and $2.880 on the downside. Key resistance levels remain at $3.070 and $3.10 for any recovery attempts.

Current price action suggests bears maintain control of XRP’s near-term direction. The token must reclaim $3 support to avoid testing lower levels in the coming sessions.