XRP Slumping Toward $2, Market Watchers Say

XRP slipped below $3 today. Not great timing. The broader crypto market shed about 3% of its value as the week kicked off, and XRP felt it harder than most—down 5% in just a day.

Market experts are getting nervous. Ali Martinez, who's got quite the following, dropped a warning on social media. XRP might slide to $2.60. Maybe even $2 if things get uglier. Kind of scary when you think about it.

The on-chain stuff backs this up. Whales are moving coins to exchanges. A lot of coins. Seems like selling pressure is building up.

Still Some Sunshine Behind the Clouds

The price is struggling, yeah. But adoption stories keep popping up. Imagen Network just announced they're plugging XRP into their payment system. Content creators will get paid faster. That's pretty cool.

This whole thing highlights how XRP is carving out its niche as a settlement asset. Especially for creative types. Galaxy, this analytics group, thinks the dip isn't actually that bad—just part of a "healthy market structure."

They noted something interesting. XRP broke out of a small triangle pattern after escaping a massive 2,500-day consolidation. They're expecting more sideways action around $3 before anything exciting happens.

Price Charts Tell a Story

Looking at the daily chart, RSI isn't showing much conviction. Kinda weak, honestly. If it drops more, we might hit oversold territory. That could trigger a bounce.

The Bollinger Bands show XRP flirting with the lower band around $2.95. Not entirely clear what happens next, but it's typically bearish territory.

XRP needs to climb back above $3.2. That's the key. Without it, bulls are in trouble.

Keep an eye on $2.80. That's the first line of defense. If that breaks, $2.60 might catch the fall.

XRP trades 22% below its all-time high from 2018—$3.84. It's been a rough few years with that SEC lawsuit hanging over everything.

But the legal drama is mostly over now. Some analysts think XRP could be one of the top coins to grab this year. New all-time highs? Maybe sooner than we think.