The XRP price has experienced a significant drop, falling below the crucial $3 threshold. In just one week, the token has seen a 10% loss, currently trading around $2.88 and struggling to break free from a downward trendline. This trend is being reflected in its technical indicators: The 50-day SMA ($3.06) and 200-day SMA ($3.15) have both become strong resistance levels, hindering any potential upward movements. Immediate support remains around $2.80, but if selling pressure intensifies, the $2.50 zone could be the next target to watch. 4-hour chart on TradingView shows XRP’s weak buying momentum with an RSI of 39, highlighting continued control by bears. A break above $3.00 would signal the early beginnings of a recovery. Meanwhile, the broader crypto market has also experienced losses, with the total market capitalization dropping from $4.14 trillion to $3.79 trillion. This decline erased over $350 billion in value. 4-hour chart on TradingView shows that a rejection at the $4.14T resistance marked the start of this decrease. A descending trendline has followed, with 50-day SMA ($3.91T) and 200-day SMA ($3.83T) acting as overhead hurdles. Next, support sits around $3.72T. The RSI near 41 confirms bearish trends. To avoid further losses, the crypto market needs to regain the $3.9 trillion mark. While a potential rebound remains, bears remain in control for now. XRP and other altcoins are particularly vulnerable.