XRP Battles $3 Support Amid Increased Selling Pressure

XRP is currently at a critical juncture, struggling to maintain the key $3.00 support level amidst volatile trading and heightened selling pressure. Despite a surge in daily volume and institutional interest, the token has faced repeated rejections around $3.03 to $3.10, with some sessions even freezing at the $3 mark, raising concerns about technical disruptions or liquidity issues. Technical indicators suggest weakening bullish momentum, with the relative strength index dropping and a symmetrical triangle breakdown signaling potential downside risks toward $2.60 or even $2.24. However, bullish analysts emphasize the importance of reclaiming resistance levels at $3.03, $3.66, and $4.00 to spark a significant rally, while others point to XRP's consolidation above its all-time high as a setup for potential outperformance against Ethereum. The near-term market outlook remains divided between bulls hoping for a breakout and bears anticipating further corrections, with institutional flows and whale positioning expected to heavily influence price direction.