📉 XRP Slides Below $3.40 — Is a Rebound From $3 the Next Big Play?

[nihalsari]

After riding the hype wave to a fresh multi-year high of $3.66, XRP just hit the brakes — hard. The recent rally pushed its market cap above McDonald’s (yes, that McDonald’s), but bulls may have bitten off more than they could chew. With the price now sliding under $3.40, is this the start of a deeper dip… or the setup for the next breakout?

Let’s break it down
What Just Happened?

XRP surged to $3.66 on Friday — bulls were clearly in control.

That momentum fizzled out fast. XRP failed to hold above $3.40 and is now trading around $3.06.

Some short-term holders likely cashed in after the vertical run-up, putting pressure on the price.

🧠 Key Levels to Watch:

Support Zone #1: $3.00 (also near the 20-day EMA)

Support Zone #2: $2.80

Upside Resistance: $3.66

Breakout Target: $4.00 → $4.86 if momentum returns

If XRP bounces cleanly off the $3.00 level, it could be a sign that bulls are stacking up for another push toward $3.66. Break that resistance? We’re possibly looking at $4+ territory.

BUT… if XRP drops below $3.00 and struggles to recover, that recent breakout might just have been a bull trap.
4H Chart Insight:

Price broke below $3.34 — the bears are creeping back in.

If the $3 level fails, expect potential dips to $2.80 or even $2.60.

To flip bullish again, XRP needs to reclaim its moving averages and charge past $3.40.

🧭 TL;DR

XRP’s in a short-term correction — not panic-worthy, but definitely worth watching. The $3.00 mark is now the key battleground. If bulls hold that line, we may see another leg up. If not… expect some chop.

What’s your take? Is XRP heading back to $4 — or are we gearing up for a deeper dip? Drop your chart reads and tinfoil theories below
#XRP #coin #USDT #trading #crypto

[Maxwell]

XRP needs to prove it can hold the three dollar level before any serious move higher. If we lose that support, two eighty becomes the next line in the sand. Watching closely for volume on the next bounce.

[rafihasan]

That three point sixty-six spike felt a little too vertical. Healthy consolidation here is key. If bulls can reclaim momentum above three forty, the four dollar target is still on the table.

[Nahiar806]

Classic case of hype meeting resistance. Until XRP breaks above its previous high with strong confirmation, this looks more like a bull trap than a true breakout.