The post The $3 Support Might NOT Hold…Here’s Why appeared on BitcoinEthereumNews.com.

XRP Price Prediction – Support or Breakdown? $XRP is trading around $3.09, hovering just above the key psychological and technical support at $3.00. The chart clearly shows weakness, with XRP failing to reclaim its 9-day or 21-day moving averages (currently around $3.11–$3.13). The recent candles are small and indecisive, and momentum seems to be fading. XRP/USD 4-hours chart – TradingView What’s even more concerning is the Relative Strength Index (RSI), which is stuck in the low 40s, indicating weak buyer momentum and no clear reversal yet. If XRP breaks below the blue line at $3, the next major support lies at $2.80, and further below that, at $2.50 could be a realistic medium-term target. Bitcoin Price Consolidation: A Risk for Altcoins Zooming out to the broader market, $Bitcoin is currently trading around $117,944, showing clear signs of consolidation and low volatility. But this is not the kind of consolidation bulls would want to see. Instead of pushing higher, $BTC has been ranging tightly between $116,017 and $118,000, failing to break out. BTC/USD 4-hours chart – TradingView The 4-hour chart shows multiple rejections around the $118,000 level, and recent candles are leaning bearish. With the RSI under 50, Bitcoin lacks the momentum needed to lead a new altcoin rally. Historically, when Bitcoin drifts lower during a consolidation phase, it tends to drag altcoins down, especially those already under pressure — like XRP. XRP vs BTC: A Side-by-Side Breakdown Looking at both XRP and BTC charts together, a few key patterns emerge: Both are below their moving averages, showing short-term bearish pressure. RSI for both is below 50, indicating no bullish momentum in sight. XRP is sitting right on top of a major support line, while BTC is just slightly above a key floor. If Bitcoin loses its $116,000 support, the entire…

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Filed under: News - @ July 31, 2025 7:28 pm