The XRP price is once again in the spotlight. After a brief rally above the $3 mark, the coin dropped back to around $2.80. For some, this sounds like a warning sign, but the real question is: is this the start of a crash, or just a temporary correction before XRP moves higher again?

XRP price today: current trends and movements

On Monday, the XRP price recorded a 5% drop, bringing it down to $2.80. While that may seem like a small move, it does highlight how difficult it is to hold above the psychological $3 barrier for now.

From a technical perspective, a classic pattern is forming: a descending triangle. This setup often points to a potential breakout to the downside, especially if support around $2.75 is broken. In that case, the XRP price could even fall towards $2.07, which would be a correction of around 26% from the current level.

Important XRP price levels to watch now

$2.75: direct support. A close below this level could open the door for a further decline.

$2.52: the 200-day SMA (simple moving average) sits here, which may provide support and help avoid a deeper correction.

$3.18: this appears to have been a local top, as more and more investors took profits.

In addition, the RSI (Relative Strength Index) at 39 signals increasing downward pressure. The NUPL (Net Unrealized Profit/Loss) indicator is also flashing warnings: more than 94% of the circulating XRP is currently in profit. That could trigger additional sell pressure, just like in previous cycles in 2017, 2021, and early 2025.

XRP price prediction: correction or next rally?

Still, plenty of analysts emphasise that this does not necessarily mark the end of the uptrend. On higher timeframes, the technical picture remains bullish. On the weekly chart, a bull flag has been forming since the rally of late 2024. Based on this pattern, the XRP price could even break through to double digits, with targets ranging from $5 to over $15. Some technical analyses even point to a possible move towards $20 or higher during this cycle. There is also talk of an ascending triangle on the monthly chart, with a bold target of $27.

XRP price outlook: what‘s next for the coming months?

The XRP price is currently balancing on a critical point. Short-term indicators such as RSI and NUPL warn of more selling pressure and a possible move towards $2. Yet, the broader trend on higher timeframes still looks bullish. The real question is not only whether XRP stays below $3, but whether this dip could serve as the foundation for the next major rally.

One thing is certain: the XRP price remains exciting and full of movement. And that makes the price outlook for the coming weeks and months all the more fascinating.

Disclaimer: This is not financial advice. Always do your own research and consider professional guidance.