XRP Price Analysis: Critical $3 Level Breached - Recovery Possibilities or Further Decline Ahead?

The cryptocurrency market's recent downturn has pushed XRP below the psychologically important $3 support level, settling around $2.83. Analysts remain divided - some see a potential short squeeze rally toward $3.50, while others anticipate further decline if the $2.80 support fails. Institutional interest and potential XRP ETFs could significantly influence price trajectory.