XRP Price Falls Below $2.80, Awaits Ripple’s Q4 Updates
XRP has dipped below the crucial $2.80 support, now trading around $2.74. This drop signals short-term weakness. Traders are holding back, waiting for Ripple’s Q4 updates to guide their next moves.
Market uncertainty is high as traders anticipate Ripple’s news. Positive updates could push XRP above $2.90,aiming for $3.00–$3.10. A strong performance might even rally it towards $4.00. However, disappointing news or a weak market could drag XRP down to $2.70.
Ripple’s efforts in cross-border payments and DeFi remain strong, supporting a bullish outlook.Yet, traders are cautious. Even good news might trigger a “sell-the-news” reaction due to the fragile short-term mood.
For now, staying cautious is wise. The next few weeks are critical. Traders should closely monitor Ripple’s Q4 updates for clearer direction.
Key points to watch:
- XRP’s current price around $2.74
- Anticipation of Ripple’s Q4 updates
- Potential upside to $3.00–$3.10 with positive news
- downside risk to $2.70 with disappointing updates
Until the updates are out, the XRP projection looks bearish. stay tuned for more insights.
