Ripple’s XRP has experienced notable price fluctuations in recent weeks, sliding from its all-time high to around $3, leading to a decline of nearly 9%. This drop has spurred anticipation and cautious observation within the XRP community and trading circles. Analyzing current market trends, technical analyst Egrag Crypto has warned that XRP could dip as low as $2.65 before attempting a significant upward move. 💡 💰 Egrag’s prediction highlights a crucial support level for XRP: if the token closes below $2.90 on the 4-hour chart with a sharp red candle, it might signal the completion of a five-wave structure. This could lead to a further price drop towards $2.65 – the next potential support area identified by Egrag. 📈 📉 Adding weight to his analysis, top analyst Ali Martinez also cautioned about XRP’s downside risks. If XRP fails to stay above the crucial $3.30 level, he predicts it could slide toward $2.60 soon. ⚠️ 💸 However, a more optimistic outlook for XRP is revealed in the chart, which shows a clear path towards recovery. First, regaining the $3 mark would demonstrate market strength, followed by checkpoints at $3.13 and $3.20 that could confirm bullish momentum. The real excitement for XRP investors emerges if it breaks above $3.45. 💥 Technical analysis relies on interpreting data and historical patterns. When indicators change, we must adjust our perspective while keeping in mind the broader market picture. 👀 , especially with significant trading volume recently exceeding moving averages. 📈 This suggests traders are positioning themselves for a major move, whether upward or downward. Positive news regarding potential XRP ETFs could further propel prices higher. 📣 #XRP – MACRO Range ($2.65 – $3.65) 🌟