XRP's price fell to $3 on September 19, following a brief rise above $3.10 earlier in the week. Despite positive market developments, including the launch of a U.S.-listed ETF and a multi-asset crypto ETP by Grayscale, XRP struggled to sustain its gains.
Analyst Casitrades warned of a potential deeper correction, suggesting a possible low near $2.90. The analyst highlighted the absence of bullish divergence on the one-hour and four-hour charts, indicating a potential further decline. However, a short-term bullish divergence on the 15-minute chart suggests a temporary reaction from the $3.00 level. Casitrades stressed the importance of maintaining the $2.98 support level to prevent a drop to the $2.92–$2.94 range, which could be critical for a rebound.
XRP Drops to $3 as Analyst Predicts Potential Further Decline
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