XRP price drops under $3 as traders dump millions
XRP has slipped back below the psychologically important $3 mark, trading at $2.94 at the time of publication. The move represents a 2% daily loss and extends a 1% decline on the week, with the token now down more than 7% over the past month. XRP 7-day price chart. Source: Finbold The pullback highlights a sharp reversal in sentiment. Despite growing optimism around a potential spot XRP exchange-traded fund (ETF) and lingering momentum from Ripple’s legal victory in August, price action has failed to sustain. Instead, traders are confronting the reality of fading catalysts, profit-taking, and unresolved regulatory questions. XRP price market data Market data shows that XRP underperformed the broader crypto market’s 2.88% decline over the past 24 hours, falling 2.36% during the same window. Analysts attribute the weakness to three overlapping drivers: heavy profit-taking after the initial ETF filing buzz, technical rejection at the $3.06 resistance zone, and wha...