Current XRP Price Movement: XRP's price has dropped below $3.00, currently sitting around $2.99, shifting the market sentiment from neutral to bearish.
Support Levels and Market Reaction: The key support level is now at $2.85; if it breaks, XRP could fall further to $2.70, while a recovery above $3.10 is needed to stabilize the situation.
Trading Indicators: Increased trading volume indicates strong selling pressure, with net longs decreasing and shorts increasing, reflecting a bearish market sentiment.
Price Predictions: Potential scenarios include a bullish recovery above $3.00, a neutral consolidation between $2.85 and $3.10, or a bearish continuation towards lower levels like $2.70 or $2.50.
