XRP’s price is currently teetering at the crucial level of $2.77, with traders closely monitoring its ability to withstand further declines. Experts believe that if XRP can hold above this support, it might see a rebound towards the $2.95-$3.00 range. However, the broader market structure remains bearish, indicating that significant resistance at and around $2.84- $2.90 could hinder any potential upswing. Analysts emphasize that if XRP breaks below the key support, it may continue its downward trajectory towards levels near $2.50-$2.40. 24-hour trading volume stands at 5.4 billion, indicating substantial liquidity which is potentially helping to mitigate extreme price fluctuations. Despite this, the current market structure remains cautious with both short-term attempts at recovery and long-term trends pointing to a weakening trend.