Ripple Price Prediction: XRP Bull-Bear Battle for the $3 Mark, Is a Deeper Correction on the Horizon?

Ripple (XRP) has fallen significantly after breaking through the historical high of $3.25, raising concerns in the market about further pullbacks. Today (4th) during the Asian session, Ripple slightly rebounded to $3.01, with bulls and bears locked in fierce battle. Compared to the bull run that drove XRP to a multi-year high, there has been a significant change in price.

Recent blockchain data shows that this pullback occurred after frequent activities by whales, most notably the $175 million transfer by Ripple co-founder Chris Larsen. This has triggered a reallocation or profit-taking by institutional investors.

From a psychological perspective, the $3 level is a key battleground. XRP falling below this level has frightened the bulls and opened the door for the bears to take control. As market volatility increases, traders are now starting to look for clues from a technical standpoint.

XRP Technical Analysis

(Source: Trading View)

From a technical perspective, the XRP price prediction appears bearish, as the 4-hour chart shows that XRP is below the downward trend line and the 50-period moving average (SMA), which is positioned at $3.08. After breaking below $2.93, these levels currently constitute resistance.

· Multiple bearish candlesticks, including engulfing patterns

· RSI fell to oversold (35.68) and rebounded to 40.16 (still below 50)

· The price is testing the $2.93 to $2.94 area, which was previously a support level and has turned into a resistance level.

Unless XRP firmly breaks through that area, the trend looks bearish. Pay attention to candlestick signals, such as the shooting star pattern or bearish engulfing pattern near resistance levels.

XRP fell again?

In the short term, XRP is unable to stabilize at $3, so sellers still dominate. If the price falls from $2.94 to $3.08 again, the next support levels to watch are $2.73 and $2.61. These areas may present rebound opportunities, but only if momentum improves.

Trading Settings (Short-term Deviation):

Entry Idea: Wait for a rejection at $2.94

Stop loss: slightly above $3.08

Target price: $2.73 and $2.61

Invalid: A closing price above $3.10 would make the outlook bullish.

Breaking and maintaining above $3.08 will indicate strength and could trigger a move towards $3.18 and $3.32.