The global cryptocurrency market stayed mixed in the last 24 hours, with Bitcoin and Ethereum showing sideways movement while altcoins like Solana and BNB gained traction. The standout story, however, was XRP, which slipped below the crucial $3 mark sparking fears of a deeper correction. Despite the bearish chart patterns, analysts argue the long-term outlook remains bullish, with price targets stretching far beyond $5 in the coming months.
Market Overview (Last 24 Hours)
• Bitcoin[1] (BTC): Stable near $113,600 with low volatility.
• Ethereum (ETH): Consolidating around $4,380.
• Solana (SOL): Strong 4% rally amid rising DeFi and NFT activity.
• BNB (BNB): Positive momentum, nearing psychological resistance at $910.
• XRP (XRP): Struggled to hold above $3, dropping to $2.80, raising short-term concerns.
Top 5 Cryptocurrencies – 24h Performance
| Coin | Price (USD) | 24h Change | Key Note |
| Bitcoin (BTC) | $113,620 | +0.05% | Still range-bound |
| Ethereum (ETH) | $4,382 | -0.12% | Holding steady |
| Solana (SOL) | $223.50 | +4.8% | Altcoin leader today |
| BNB (BNB) | $905.10 | +2.6% | Nearing resistance |
| XRP (XRP) | $2.80 | -5.0% | Dropped below $3 |
XRP: Is the Price Heading for a Crash?
XRP’s fall below $3 has triggered a wave of bearish sentiment. On the daily chart, XRP[2] is forming a descending triangle, a pattern often associated with breakdowns. If support at $2.75 fails, the next key level could be around $2.07, representing a 26% decline from current levels.
• Bearish Indicators:
o RSI has slipped to 39, showing momentum loss.
o Trading below the 50-day and 100-day moving averages.
o NUPL data shows over 94% of XRP supply in profit, increasing sell-off risks.
• Bullish Long-Term Outlook:
o Weekly and monthly charts remain structurally bullish, with targets ranging from $5 to $27 depending on breakout confirmation.
o Analysts highlight a long-term ascending triangle, hinting XRP is still in a macro bull cycle.
While XRP may correct further in the short term, macro signals remain positive for a strong recovery, with October being eyed as a potential breakout month.