XRP just snapped below the psychological $3 mark after a sharp 7% weekly slide, wiping out much of August’s momentum from $2.80 → $3.40. Traders now face a binary setup: a fast reclaim that squeezes price back toward the highs—or a clean breakdown that opens the door to $2.50 and even $2.00. Here’s the precise map you need now.

What Just Changed on the XRP Chart

XRP broke down from a descending triangle, confirming a sequence of lower highs. Both the 50-day SMA (~$3.08) and 200-day SMA (~$3.10) sit overhead, flipping into resistance and marking a bearish regime shift. The RSI (~32.6) is near oversold—ripe for a short-term bounce—but trend strength remains weak until bulls reclaim $3.10. Immediate support sits at $2.80; lose it, and $2.50 then $2.00 come into play.

Why This Move Matters to Traders

Trading below the 50/200-day cluster signals a potential transition from rally to distribution. That shifts opportunity from breakout buys to mean-reversion bounces and trend-continuation shorts. Liquidity is concentrated around $3.00–$3.10 and $2.80; whichever side wins likely drives the next multi-day move.

Macro Wildcards: Bitcoin and Ethereum

Altcoins amplify majors. If Bitcoin slips toward $110K, historical beta suggests XRP could extend losses. Also watch Ethereum: fading ETH momentum has been a reliable headwind for alt strength. In a soft macro tape, XRP breaking $2.80 risks a swift run to the $2.00 zone.

Key Levels and Triggers

• Bullish reclaim: Daily close above $3.10 with rising volume turns bias up; upside magnet at $3.40. Invalidation for longs: clean daily close back below $2.98–$3.00.
• Bearish continuation: Daily close below $2.80 confirms breakdown; short failed retests into $2.80–$2.90. Targets: $2.50, then $2.00–$2.05. Invalidation: sustained push back above $3.02–$3.10.
• Neutral range: While price holds $3.00–$2.80, expect chop and liquidity hunts—fade extremes, take profits fast.

Action Plan You Can Use Today

• Set alerts at $3.10, $3.00, and $2.80 to trade the breakout or breakdown—don’t chase mid-range.
• Risk small: 0.5–1.0% of equity per idea; use OCO orders to automate exits.
• Confirm with flows: favor signals when a move is spot-led and accompanied by rising volume and declining funding (for downside) or short liquidations (for squeezes).
• Watch BTC and ETH: if BTC accelerates lower or ETH rolls over, tighten stops on longs and prioritize breakdown setups.
• For bounces off $2.80, scale out into $2.95–$3.05; for reclaim above $3.10, trail stops below $3.00.

Bottom Line

The path of least resistance is lower unless bulls reclaim $3.10. Respect the $3.00–$2.80 box: trade the break, not the noise. One clear takeaway—let the daily close decide your bias, then execute with tight invalidations and disciplined position sizing.

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