XRP Price Prediction: Has the 3-Day Bearish Divergence Finally Played Out?

input: XRP has taken a major hit, dropping more than 15% and falling below the crucial $2 mark. This sharp decline is part of a broader market correction

R.I.P. $2.0. We're testing the lower zone of the range at $1.95-$2.05. If it closes below $1.95 (and especially if it drops below $1.90), we could see further weakness, potentially pushing XRP toward the $1.40-$1.50 range.

However, if XRP can quickly regain its footing above the key support zone and reverse the downward trend, it might yet salvage the situation.

Still, in the short term, the technical outlook remains bearish. According to analyst Josh of Crypto World, on the 3-day chart, there’s a clear bearish divergence that’s finally playing out, confirming what many analysts had warned about.

Even short-term bullish signals have been invalidated after the RSI (Relative Strength Index) broke down. This suggests that the positive momentum from a few days ago has faded quickly.

Key support levels for XRP are now at risk as the cryptocurrency has taken a major hit, dropping more than 15% and falling below the crucial $2 mark.

This sharp decline is part of a broader market correction affecting major cryptocurrencies. Bitcoin has slid below $78,000, and Ethereum is now trading under $1,600 after a 15% crash, hinting that the entire crypto market is under pressure.

Analysts like Egrag Crypto have stated that as long as XRP remains above $2, it is on solid ground. Previously, it was suggested that $2 would mark the FOMO stage and the beginning of a big rally. However, with the price now dipping below that level, it remains uncertain how the market will react.