XRP’s attempt to stay above $3 was unsuccessful, causing a bearish shift in its price action.
**Key Support Levels: $2.6, $2, $1.6**
**Key Resistance Levels: $3, $3.3**
### 1. First Major Sign of Weakness for XRP
It was crucial for XRP to maintain above $3 to aim for new highs, but this level fell today as the price dropped to $2.7. This decline has transformed $3 into a significant resistance point. The cryptocurrency’s price fell by 11% today, indicating a return of sellers. Although this is part of a broader market correction, the timing was particularly unlucky for XRP, pushing the chart into bearish territory.

### 2. Falling Volume Hinted at Correction
The initial sign of a potential correction for XRP appeared in the volume profile. Even when the price rose above $3, the volume did not follow suit. This was an early sign of a bearish divergence, suggesting caution.

### 3. Bearish Divergence Detected
The bearish divergence was evident in the volume profile, and was also reflected in the MACD and RSI momentum indicators. This supports the argument that XRP might have hit a local top at $3.4, indicating a potential correction.

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