The cryptocurrency XRP is facing uncertainty as its price hovers near the crucial support level of $2.90, experiencing significant market volatility without any official statements from Ripple executives. Analysts point to a tightening order book and historical precedent for potential price drops if this support level fails. 70% of trading volume has been concentrated on a thin order book at the $2.90 mark, posing challenges for large-scale trades. While no updates have been provided by Ripple Labs, market participants are closely observing the situation. This echoes previous events leading to significant price declines, which raises concerns about further losses if support holds fails. Experts warn that similar technical setups previously resulted in prolonged price drops. As a result of heightened trading activity and potential for sharp price movements, XRP investors should exercise caution until clarity emerges from Ripple or regulatory updates.