XRP Price Breaks $3 Amid Market Crash – Bears Eye THESE Targets
XRP Price Crash Below $3
$ XRP has slipped under the $3 threshold, marking a sharp 10% drop in the past week. The token now trades near $2.88, struggling under a descending trendline that has capped every rebound attempt. Both the 50-day SMA ($3.06) and 200-day SMA ($3.15) have turned into strong resistance, limiting upside recovery. On the downside, $2.80 stands as the immediate support, but if sellers push harder, the $2.50 zone could be the next major test.
XRP/USD 4-hour chart - TradingView
With the RSI at 39, XRP is showing weak buying momentum, keeping bears firmly in control. A move back above $3.00 would be required to signal early signs of recovery.
Crypto Market Cap Drops from $4.14T to $3.79T
The broader crypto market has also been hit hard , with total market capitalization falling from $4.14 trillion to $3.79 trillion, erasing more than $350 billion in value.
A rejection at $4.14T resistance marked the start of the decline, which has since followed a descending trendline. Both the 50-day SMA ($3.91T) and 200-day SMA ($3.83T) are overhead hurdles, while the next strong support sits around $3.72T.
Total crypto market cap in USD - TradingView
The RSI near 41 confirms a bearish bias, suggesting further weakness unless buyers step in soon.
XRP Price Prediction: XRP Coin Future Targets
With XRP breaking below $3, bearish sentiment is now firmly in play. Traders are watching closely whether $2.80 can hold, as losing this support could accelerate the move toward $2.50.
Across the crypto market, reclaiming $3.9T in total capitalization is critical to avoid deeper losses. Until then, bears remain in charge, and altcoins like XRP are especially vulnerable.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Powell takes on big test to cut rates without losing Fed independence
Share link:In this post: Powell may cut interest rates in September because the economy is slowing, but he’s being cautious to avoid looking like he’s giving in to Trump. Trump wants big rate cuts to help with government debt, but Fed officials, like Beth Hammack, say inflation is still too high. Trump is pressuring Fed leadership, threatening to fire Lisa Cook and nominating Stephen Miran to the Fed board after a recent vacancy.
SpaceX to launch Starship despite back-to-back losses
Share link:In this post: SpaceX is preparing to launch Starship from South Texas on August 24 after recent failures in flight and ground tests. NASA is relying on Starship for its Artemis moon program with a $4 billion contract and a 2027 deadline. The rocket stands nearly 400 feet tall with 33 booster engines and will attempt controlled splashdowns in the Gulf of Mexico and Indian Ocean.
US debt could hit 250% of GDP without spiking rates, Fed paper says
Share link:In this post: A Fed paper says the US can hit 250% debt-to-GDP without spiking interest rates—if demand holds up. Interest payments already hit $1.2 trillion, and will hit $1.4 trillion in 2026 unless yields fall. The Fed plans to cut rates soon, blaming rising unemployment despite inflation still climbing.
BLS credibility hit pushes Wall Street deeper into private data
Share link:In this post: Trump fired BLS head Erika McEntarfer and claimed July’s jobs report was rigged without proof. Wall Street investors are shifting away from BLS data and relying more on private sources. Experts like Philip Petursson and Michael O’Rourke no longer trust BLS numbers fully.
Trending news
MoreCrypto prices
More
