XRP is falling under $ 3 again: do we have to worry now?

The Ripple (XRP) course currently trades at around 2.94 dollars, 3 percent lower than yesterday. With that, XRP again loses the important level of 3 dollars. In this analysis we look at what we can expect from the XRP course.

XRP will continue to decrease

On 4-hour graphs below we see a clear downward trend since the double top of last month Ron $ 3.65: clear Lower Highs and Lower Lows. For the time being we also see no signals from a possible course, so we have to take into account, at least a decrease to the recent bottom of 2.70 dollars, and possibly even with a deeper fall.

So for now we are justary. Certainly because the big boys Bitcoin (BTC) and Ethereum (ETH) are also in a downward trend. If XRP cannot hold the support around $ 2.70, the course could fall even further.

To find out how far the race could fall, it is useful to grab the higher TimeFrames, such as the weekly graph. Then we can clearly see where the really significant levels are. On the weekly graph below we see that there is a clear support level around $ 2.40. This is a logical price target.

So we stick to the prediction we made earlier this month. We said that, as long as the rate would not reclaim the level of 3 dollars, we had to take lower zones into account. The recent increase to $ 3.10 gave a moment hope. But as can be seen on the 4-hour graph, the price could not convert this level into support.

Foundation supports Beerarish perspective

Fundamentally, there is also reason for care. As the well -known analyst Ali shares on X, XRP Whales sold more than 700 million dollars to XRP tokens yesterday. This contributes to the current sales pressure.

Whales give a good indication of what the market will do. When selling whales, this means that they are waiting for lower zones to board again. And Whales will also have clearly marked the zone around $ 2.40.