XRP Price Dips Below $3, Analysts See Buy Opportunity

The recent price action for XRP has been dominated by bearish momentum, with the asset sliding from its $3.20 peak to just under $3. However, analyst Ali Martinez has identified what could be a significant buying opportunity using the TD Sequential indicator. This widely-followed technical tool signals when an asset has reached exhaustion in its current price direction, and according to Martinez’s analysis, XRP’s recent decline may represent precisely such a moment of bearish exhaustion.

Other technical analysts are offering cautiously optimistic perspectives. ERGAG CRYPTO emphasized that as long as XRP doesn’t close below $3 on either the daily or 3-day timeframe, the asset could be “set for takeoff.” The absence of such a closure on the 3-day chart provides some technical support for the bullish case, though analysts note this could change with today’s trading session, potentially triggering further decline toward and below $2.90 if the support fails to hold.

Beyond the USD pairing, analyst CRYPTOWZRD highlighted important technical developments in the XRP/BTC trading pair. While XRP closed indecisively against the US dollar, its performance against Bitcoin maintains a more constructive pattern. The XRP/BTC pair is currently “maintaining a symmetrical triangle” formation, which technical analysts often view as a consolidation pattern preceding significant moves.

This pattern suggests that if XRP can achieve a “healthy” bullish breakout against Bitcoin, it could potentially propel the cryptocurrency toward its all-time high of $3.65. Such a move would represent substantial upside from current levels and would validate the technical setup that several analysts are currently monitoring. The symmetrical triangle pattern typically indicates that neither bulls nor bears have gained decisive control, setting the stage for a potentially powerful directional move once the pattern resolves.

While technical analysis dominates short-term price discussions, fundamental network metrics continue to show strength. Data from XRPScan reveals that the XRP Ledger has achieved a significant milestone, surpassing 7 million active accounts. This growth metric, which counts wallets holding at least one XRP, demonstrates continued adoption and usage of the underlying network.

The expanding user base provides fundamental support for XRP’s valuation thesis, as increased network activity typically correlates with higher utility and demand for the native token. This milestone achievement, coming amid price volatility, suggests that the ecosystem’s growth trajectory remains intact regardless of short-term market fluctuations. The combination of strong technical indicators and robust fundamental network growth creates a compelling case for XRP’s potential recovery, though as with all cryptocurrency investments, significant risk remains given the asset’s volatility and the evolving regulatory landscape.