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XRP Faces Selling Pressure Today
Ripple’s native cryptocurrency, XRP, is facing critical pressure as traders closely monitor whether the asset can hold above $2.85 support. Over the past week, the token experienced a 13% decline, with major wallets selling off 460 million XRP, sparking bearish sentiment in the market.
The shift has forced a revaluation of the Ripple price forecast, moving from bullish optimism to cautious outlooks, as investor behavior aligns with broader macroeconomic uncertainty. Analysts point to upcoming comments from Federal Reserve Chair Jerome Powell, scheduled for Friday, as a pivotal factor that could influence whether risk appetite returns to the crypto sector.
Currently, XRP trades around $2.90, slightly above its critical support, but chart indicators signal the potential for further downside. Breaking below this level could open the path toward $2.74 or even $2.63.
Technical Analysis Shows Bearish Structure
From a technical standpoint, XRP price prediction indicators are flashing bearish signals. After breaking out of a symmetrical triangle, XRP slipped below the 50-day moving average, erasing gains above $2.95 seen only a day earlier.
Several key warning signs stand out:
- High profit margins – Over 93% of XRP’s circulating supply remains in profit. While positive, this also raises the risk of profit-taking, adding to selling pressure.
- Weakening RSI levels – The Relative Strength Index (RSI) has dipped to 35, near oversold territory. Historically, oversold levels can trigger short-term rebounds, but sustained weakness could deepen losses.
- Bearish candlestick patterns – Analysts have noted formations such as the “three black crows,” often associated with bearish continuations.
Together, these technical signs paint a picture of caution. While a bounce is possible if $2.85 holds, the Ripple price forecast remains bearish unless XRP can reclaim the $2.95–$3.15 resistance band.
Key Support Levels To Watch
The immediate question dominating trader sentiment is simple: can Ripple hold above $2.85 support?
If XRP remains stable here, it could rally toward $3.02, a level many short-term traders are watching for confirmation of strength. However, a breakdown below $2.85 would expose XRP to the next supports at $2.74 and $2.63.
These levels are critical because:
- $2.85 – A psychological level now acting as the frontline defense for bulls.
- $2.74 – Historical price congestion suggests this could slow down a decline.
- $2.63 – Represents the deeper correction zone if momentum continues downward.
Market sentiment suggests that unless there is strong confidence in dip-buying at these levels, XRP could see extended downside. Traders will closely monitor order book depth and buying volume at each stage.
Powell’s Speech Could Shift Momentum
While technicals currently lean bearish, macroeconomic conditions may shift sentiment. This Friday, Federal Reserve Chair Jerome Powell will deliver remarks on monetary policy. Traders are particularly focused on whether he signals interest rate cuts or continues with a more hawkish stance.
- If Powell signals rate cuts: liquidity could increase, boosting risk assets such as crypto. XRP might then see a rebound, potentially targeting $3.02 or beyond.
- If Powell is hawkish: higher interest rates or cautious language could further dampen market appetite, reinforcing downward pressure on XRP.
This makes the Ripple price prediction highly dependent not just on chart patterns but also on macroeconomic triggers. Crypto markets are notoriously sensitive to U.S. Federal Reserve signals, and XRP will not be an exception this week.
Short-Term Ripple Price Forecast
In the short term, the XRP price today remains fragile. The $2.85 level must hold to avoid a sharper decline. If buyers defend this range effectively, a bounce toward the $2.95–$3.02 corridor is possible, giving bulls temporary relief.
However, indicators suggest sellers currently hold the upper hand. Trading volumes support bearish momentum, and profit-taking remains a key risk factor. Without renewed buying demand, XRP could slide into the $2.74 range.
Crypto.news analysts have adjusted their outlook, shifting from bullish sentiment earlier this month to a more cautious, bearish stance until XRP reclaims stronger resistance levels.
Long-Term XRP Outlook
Despite short-term bearish conditions, many investors still view XRP as a solid long-term asset due to its unique utility in cross-border payments and liquidity provision. Ripple’s ongoing legal and regulatory developments continue to influence sentiment, but the project maintains strong institutional interest.
Long-term Ripple price forecasts remain optimistic if broader crypto adoption accelerates and Ripple strengthens its role in financial infrastructure. However, near-term volatility around $2.85 should not be underestimated.
Conclusion: Can XRP Hold $2.85?
The XRP price prediction hinges on whether the $2.85 support holds. If bulls defend this level, XRP could see a rebound toward $3.02. If broken, the next targets become $2.74 and $2.63, signaling deeper downside potential.
With Powell’s speech looming, macroeconomic signals could be the deciding factor for XRP’s short-term trajectory. Until then, traders remain cautious, watching $2.85 as the critical line between stability and further decline.