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XRP price has dropped below the $3 threshold, currently trading at $2.97 after reaching a 24-hour high of $3.05. The decline marks a 1% decrease in the daily timeframe.
Despite the recent pullback, XRP has posted gains of 4.5% over the past week. The cryptocurrency has also climbed 5% in the last 30 days, showing continued strength in the monthly chart.
The price movement has drawn attention from market analysts who have identified several critical levels. These levels will determine whether XRP continues lower or rebounds toward higher targets.
Analyst Ali Martinez pointed to $3.15 as the next major resistance level for XRP. Breaking through this barrier could open the path to $3.40, followed by $3.60. These targets represent the next upside milestones for the cryptocurrency.
$XRP faces a major test at $3.15. A breakout here could trigger a rally to $3.60! pic.twitter.com/BOW6qVi0nv
— Ali (@ali_charts) October 7, 2025
Market analyst Lark Davis offered a bullish scenario for XRP price. Davis stated that maintaining support at $2.97 could enable a rally to $4. This represents a potential gain of over 34% from current levels.
Davis also warned of downside risk if the $2.97 support fails. In that scenario, XRP could find backing at $2.94. Further weakness could test the $2.85 support level.
Technical analysis shows XRP broke below a declining channel with support at $2.90. The cryptocurrency is trading beneath the 100-hourly Simple Moving Average. This positioning suggests near-term weakness in the market structure.
The $2.80 level represents a crucial zone for bulls to defend. A break below this point could trigger declines toward $2.72 and $2.65. These lower support levels would come into play if selling pressure intensifies.
Technical indicators present a cautious picture for short-term traders. The hourly MACD indicator is gaining momentum in bearish territory. The Relative Strength Index has dropped below the 50 level, confirming the current weakness.
Despite the price decline, derivatives data reveals robust trader interest. XRP Futures Open Interest increased by more than 3.5% to reach $9.25 billion. This rise occurred even as spot prices fell, indicating active participation in futures markets.
On-chain analytics firm Santiment reported record retail fear for XRP. The platform noted this represents the highest level of retail concern in six months. Santiment observed more bearish than bullish comments surrounding the asset.
The firm characterized this sentiment as a potential buy signal. Historical patterns suggest extreme fear often precedes price recoveries in cryptocurrency markets.
XRP gained 5% over the past month despite recent volatility. The cryptocurrency touched $3.05 in the past 24 hours before consolidating at current levels.
The $3 to $3.15 range will be decisive for XRP’s near-term direction. Traders are monitoring whether the cryptocurrency can reclaim $3 or if additional support tests lie ahead. The $2.97 level remains the critical support to watch, while $3.15 stands as the key resistance barrier.
XRP price currently trades at $2.97 with XRP Futures Open Interest at $9.25 billion as of April 8, 2025.
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