XRP Crashes Back Under $3: Deeper Correction or Bounce-Off Next?

XRP struggled to sustain its recent momentum as it failed to reclaim the $3 ￰0￱ enjoying a relatively strong weekend that kept sentiment leaning positive, selling pressure emerged on Monday, which pushed the price back down to $2.95. The correction phase may not be over yet, as on-chain data points to rising exchange inflows across multiple value bands, a pattern that is often linked to profit-taking ￰1￱ at Crossroads Historically, XRP’s major peaks, such as $3 in 2018, $1.9 in 2021, and $0.9 in 2023, were all preceded by significant spikes in exchange ￰2￱ explained that this means investors and whales sent tokens to trading platforms to realize ￰3￱ 2025, XRP surged to the $3.5-$4 range, and inflows, particularly from large holders in the 100K-1M+ XRP range, reached exceptionally high ￰4￱ moves strongly imply that whales are beginning to offload holdings and introduce increased short-term selling pressure.

Currently, the crypto asset is consolidating below $3, yet inflow levels remain high, thereby keeping downside risks in ￰5￱ the selling pressure intensify, a pullback toward the $2.8 support zone appears plausible. However, if the crypto asset is able to reclaim and hold $3 level, it could serve as a critical base for the next bullish ￰6￱ key resistance area sits at $4.2-$4.5, and a successful breakout above that range could pave the way for a new price discovery phase. Structurally, the analysis revealed that XRP is stronger than during past cycles, and has maintained a firm long-term uptrend. Therefore, while the short-term outlook indicates caution, the broader trajectory still supports the possibility of XRP targeting $5 or higher later in ￰7￱ on-chain signals are consistent with Elliott Wave forecasts.

Make-or-Break Level for XRP Elliott Wave analyst Avi Harkishun spoke about two key scenarios based on critical support ￰8￱ his tweet, Harkishun noted that as long as the current $2.95 level holds firm, XRP retains a bullish ￰9￱ next upside target is projected between $4.00 and $4.40. However, he also outlined a cautionary path – if $2.95 breaks decisively, XRP could enter a corrective phase through a WXY double correction pattern, and potentially retrace toward $2.40 at the high-volume node, an area of historically strong ￰10￱ short, the altcoin’s next move will be determined by whether buyers can defend the $2.95 threshold or whether sellers force a ￰11￱ market commentators are also weighing in on XRP’s next ￰12￱ analyst Ali Martinez, for one, struck a bullish tone, as he tweeted that “it won’t take long before the token is back at $3.70!”