XRP’s $3 Dream Crushed: Why a Major Price Surge Looks Unlikely Now

• XRP’s $3 target fades as bearish momentum takes control.
• Declining volume and technical breakdown signal further downside risk for XRP.
• XRP struggles to regain momentum, making $3 unreachable in short-term.

XRP’s hopes of reaching the $3 mark appear to be fading fast, as the token struggles to regain upward momentum. Currently priced at $2.184, XRP has significantly lost ground after a failed attempt to break past the crucial $3 level. On the charts, we see a breakage of a symmetrical triangle, which is a technical pattern that usually depicts continuation.

Nonetheless, XRP dropped below the bottom trendline, driving the market into a bearish situation with the sellers in charge. This move has placed the token far below key areas of resistance, including the $2.95 to $3.00 area, which is a strong resistance that appears virtually impossible to cross in the near term.

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Weak Market Sentiment and Declining Volume Fuel XRP’s Struggles

XRP’s market sentiment is weakening, and the token’s path to $3 seems even more uncertain—a decline in trading volume since mid-August shows increasing uninterest on both sides of the market. In the absence of robust demand and inflow, it seems unlikely that XRP would rebound to the level of $3. This lack of market activity exposes XRP to further downplay since the absence of momentum will make it difficult to reclaim the token.

The 50-day Exponential Moving Average (EMA) is also beginning to weaken, flatten, and curve down, indicating that the momentum of the bulls is dying. XRP is literally clinging to the 100-day EMA support at $2.77. However, when this level fails, the token might undergo a more severe correction, as the next possible support zone is the 200-day EMA at $2.51. This sort of fall would nullify any short-term favorable anticipations, and the target of the $3 would appear all the farther away.

Bearish technical signals, declining volume, and an increasing lack of interest in the market mean that XRP is becoming less and less likely to reach $3 again. For the token to reverse its downward trajectory, it would need a substantial increase in both price action and trading volume, which remains a difficult challenge given the current market climate.

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