XRP has entered bearish territory, with its price falling below the $3.10 mark at the time of writing. The chart shows a sharp downward move followed by a small rebound, hinting at strong selling pressure earlier in the session.
Despite the current weakness, market analyst Ali Martinez shared a more positive outlook. According to him, the TD Sequential indicator has flashed a buy signal, meaning that XRP may be poised for a short-term rebound. The analyst wrote, “Buy XRP Now.”
However, XRP’s sudden move wasn’t just market noise. Analyst Casi Trades said that it was a clear sign that algorithms and liquidity strategies are running the show. After the initial drop, XRP cleanly touched the next key level: the 0.382 Fibonacci retracement at $3.04.
Eyes on $3.21 for Confirmation
Now, the key level to watch is $3.21, the same .236 Fibonacci level that was previously lost. Reclaiming it could signal that the bottom is in and the next upward move is ready to begin. If it fails, XRP might revisit the $3.04 level again, though current chart signals show the low may already be in place.
What’s Next For XRP? (Short-Term)
The $3 mark is proving to be an important support zone. XRP recently touched this level after falling from around $3.40. If the price stays above $3, that’s a good sign for buyers. If it drops below, the next support could be closer to $2.90.
On the upside, if XRP bounces again, resistance is expected around $3.30 to $3.40, and possibly around $3.60 if bullish sentiment returns. These levels might slow down any upward move in the short term.
XRP has been quite sensitive to shifts in Bitcoin’s dominance in the market. When Bitcoin dominance drops, XRP often sees big gains. But even small recoveries in Bitcoin dominance can pull XRP’s price back down.
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