XRP prices have fallen 7% in the last 24 hours amid a wider crypto crash to touch the $2.90 low.
Daily trading volume rose 28% to $8.2 billion, due to widespread panic sales.
The XRP technical outlook suggests a further price decline.
Ripple’s XRP is one of the top losers of major cryptocurrency by market as the cryptocurrency market faces fresh turbulence.
Amid the wider crypto slump, XRP prices have fallen 7% in the last 24 hours, touching a low of $2.90.
This decline, below the key level of $3.00, has also made money since Bitcoin is below $115,000 after an aggressive sale, making Ethereum, Solana and BNB profitable.
Macroeconomic headwinds and whale sales are bearish flips and bad news for altcoins, which could drive even more volatility across the market.
But can XRP strength watch the Bulls recover their newest support ever?
XRP Prices – Bulls can’t hold $3.00 amid the slump in crypto
Over the past 24 hours, XRP prices have fallen from a high of $3.18 to a low of $2.90 across major exchanges.
The 7% DIP lined up with the other top 10 coins, but it’s worth noting that XRP fell below the important $3.00 threshold.
Daily trading volumes rose 28% to over $8.2 billion, reflecting the level of panic sales that XRP saw in the last 24 hours.
As mentioned before, Ripple’s XRP immersed in Bitcoin’s notable drop at a low of nearly $114,000.
In recent weeks, whale sales have increased from long-term coins to scattered bull plans, combined with overall macroeconomic headwinds.
For each Coinglass data, these declines have led to a total liquidation increase of 79% over $758 million over 24 hours across the crypto market.
ETH saw $179 million in its forced exit after its leveraged positions of over $229 million.
Meanwhile, XRP accounts for $41 million, with most of these long positions totaling over $40 million.
In particular, a surge in liquidation could weaken bullish sentiment and allow bears to target lower levels.
Open interest, which fell to 10% to $7.77 billion, suggests a decline in speculative activity.
Ripple Price Prediction
The XRP technical outlook suggests that it is reexamining the key support areas where prices are highlighted in the chart below:

On the daily chart, the relative strength index (RSI) stands at 48 after retreating from overbuying levels, and its dip suggests a potential continuation of bearish momentum.
Furthermore, moving average convergence divergence (MACD) indicates a bearish crossover.
The histogram bars formed below the zero line indicate that the momentum becomes weaker as the bear strengthens.
If XRP prices fall below the break below the $2.73 break, the Bears could accelerate their slide towards a psychological support level of $2.00.
On the flip side, a recovery of over $3.00 shows momentum that shows an updated momentum, allowing the Bulls to target $3.55, $4.