XRP Price Slides Below $3, Analysts Warn of Potential ‘Sharp Correction’
XRP (NASDAQ: XRP) traded in a precarious range of $2.80 to $2.85 today, October 10, 2025, falling below the key $3 psychological barrier and prompting warnings from analysts about a significant potential downturn.
The cryptocurrency has struggled to maintain the $3 level since late September, following a surge in July that briefly saw it reach an all-time high of $3.65. Data from CryptoQuant analyst Maartunn indicates substantial selling pressure from large holders, with approximately $50 million worth of XRP moving out of whale wallets daily over the past 30 days. This outflow suggests anticipation of further price declines. A sustained drop in XRP, the third-largest cryptocurrency by market capitalization, could impact broader investor confidence in the digital asset space.
Veteran trader Peter Brandt highlighted a “descending triangle” pattern on the XRP chart yesterday, October 8, warning that a daily close below $2.68743 could trigger a 20% drop to $2.22163. Further analysis suggests a breakdown below the $2.75 support line could target $2.20, a 22% decline, with a potential low of $2.07. The Net Unrealized Profit/Loss (NUPL) metric also signals caution, currently residing in a zone historically associated with local tops, with over 94% of the circulating supply in profit – a situation that often precedes profit-taking and increased sell-side pressure. For more information on understanding these technical indicators, see Investopedia’s guide to technical analysis.
Key support levels are now at $2.93, and critically, the $2.70-$2.75 range, where buyers and sellers are battling. The XRP Ledger (XRPL) continues to be a focus for developers building decentralized applications, as detailed on the official XRPL website, but a significant price correction could indirectly affect investor confidence in the ecosystem. Market participants are keenly watching for signs of a reversal or confirmation of the bearish forecasts.
Analysts widely predict a high likelihood of further price decline if key support levels fail to hold, and investors are advised to monitor the situation closely.
