XRP (CRYPTO: XRP) slipping below $3 hasn't shaken trader confidence that the altcoin could still launch a major rally later this year.
What Happened: Crypto analyst CrediBULL Crypto on Friday highlighted that although short-term charts look weak, XRP's long-term structure remains strongly bullish.
He noted that a drop below $2.65 could occur if Bitcoin falls under $105,000, but this wouldn't invalidate the higher timeframe setup.
A temporary decline to $2–$2.40 would align with market-wide corrections, positioning XRP for a rapid rebound when broader conditions improve.
XRP is expected to be one of the first coins to bounce back, positioning it to recover quickly and eventually push toward new all-time highs.
Trader DonAlt echoed this sentiment, stating XRP's cycle won't end without a "full ballistic" move.
He set an invalidation level at $2.20, planning to take profits there for a potential 3x gain.
Crypto chart analyst Ali Martinez sees $2.70 as a critical support to validate a rebound toward $3.20.
Also Read: XRP Tumbles 4% But One Launch Provides Bulls With Hope
Why It Matters: XRP's inclusion in the Hashdex Nasdaq Crypto Index ETF, alongside Solana and Stellar, gives it greater institutional exposure and liquidity in U.S. markets.
Coinglass data shows $18.27 million in XRP liquidations over the past 24 hours, with $16 million in long positions closed amid the drop, highlighting recent trader capitulation.
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