XRP Price Plunges Below $3: Market Impact and Potential Rebound

The XRP price has experienced a notable drop below the $3 threshold, prompting discussions among market participants regarding its future trajectory and broader cryptocurrency market implications. Despite the recent dip, institutional interest in XRP remains strong, fueled by regulatory clarity and partnerships with major exchanges. Analysts note that if the $3 level fails to hold, the price could reach as low as $2.60-$2.70 range. The market anticipates further declines based on technical patterns such as a symmetrical triangle, while on-chain liquidity data highlights critical support zones.