XRP Drops Below $3 as Analyst Predicts Potential Targets of $2.6 and $2
XRP has experienced a decline of over 5%. Analyst Ali Martinez identifies key support levels based on technical analysis.
Potential Support Levels for XRP
- XRP could drop further if it does not reclaim the $3.3 level.
- The asset is currently below the lower boundary of a Parallel Channel, which indicates potential future price movements.
- Recent attempts to retest the $3.3 line have been rejected.
- If the downward trend continues, XRP may target $2.6 or $2.
- On-chain data indicates significant accumulation at the $2.81 level, suggesting it could act as a major support zone.
XRP is trading around $2.99, down over 6% in the past week.
