What Will Happen to XRP After It Drops Below 3 USD? Answer from the Analyst

XRP has just fallen below $3, but the market may not be as pessimistic as it seems. The price has dropped to the Fibonacci retracement level of 0.382 at $2.96, a significant support zone. The wick at $2.94, coinciding with the 0.618 sub-wave target, quickly reversed and reclaimed the $2.96 level. This rapid bounce back is a typical phenomenon often seen when the market bottoms out. According to market analyst Casi Trades, the current situation could open the door for XRP to stabilize and potentially aim for higher targets, with a price like $4.80 already in sight. XRP Holds Steady at Support Level 2.96 USD The latest price movement of XRP has accurately reflected what technical analysts have been waiting for. The Relative Strength Index (RSI) further reinforces the hypothesis of a bottom out. The RSI has shown bullish divergence on both the 15-minute and 1-hour charts.

While the price is falling, the RSI indicator shows higher lows, indicating that momentum is shifting in favor of the buyers. Combined with the clear 5-wave decline on the chart, Casi Trades believes this confirms that XRP has completed its correction phase. The analyst explained that the drop to $2.96, followed by an immediate bounce back, indicates that the market "is hunting for a bottom and XRP has achieved that." The combination of Fibonacci levels, divergence signals, and a clean wave structure makes this support zone one of the most important zones in the current cycle. Price Increase Prospects and Price Target Now, as XRP has bottomed out and held the support level of $2.96, traders are focusing on the next phase. Casi Trades notes that XRP may fluctuate around this level or test it again, but maintaining this level has been a positive sign. Market analysts expect large-cap cryptocurrencies, including XRP, to lead the next bullish wave. With a confirmed support zone, attention is now shifting to bullish targets. The most important target mentioned is $4.80, but the analyst believes that the momentum could push XRP even higher if conditions remain favorable. This bullish outlook is driven not only by the chart of XRP but also by broader market conditions. Large-cap stocks often move in the same direction when market sentiment improves, and XRP holding steady at $2.96 is a strong signal. "From these low support levels across the market, I expect things to get interesting and bullish," Casi Trades commented. If the strong upward momentum continues, the bounce back of XRP from this support zone could mark the beginning of a strong bull run. Currently, all attention is focused on the 2.96 dollar level. As long as XRP remains above this level, the potential for a price increase is still very high. The market is showing signs that prices will rise higher, whether immediately or after a short accumulation phase. With the potential to rise to 4.80 dollars and beyond, the sharp fall of XRP may just be a prelude to the next big move.