Overview

• XRP trades near $2.96 after an intraday low at $2.8244, slipping below $3.00 and the 100‑hour simple moving average following a break of a rising channel.
• Short‑term momentum has weakened, with the hourly MACD deepening in the bearish zone and the RSI holding below 50.
• CryptoQuant’s PelinayPA highlights persistently high exchange inflows from large holders, interpreting them as profit‑taking that adds near‑term selling pressure.
• Key levels in focus: losing $3.00 raises the prospect of $2.82–$2.65, while a recovery above $2.98–$3.05 could refocus $3.12 and later $3.33–$3.57.
• Over the past month, XRP has fallen nearly 10% as some peers, including Ethereum, posted gains.