XRP slips below $3, but traders remain confident in a potential major rally later this year. Analysts note short-term weakness but highlight strong long-term structure. XRP could drop to $2.65 if Bitcoin falls under $105,000, positioning it for a rebound when market conditions improve.

Trader sentiment echoes bullish outlook for XRP, setting invalidation level at $2.20 for potential 3x gain. Analyst sees $2.70 critical for rebound toward $3.20. XRP’s inclusion in Hashdex Nasdaq Crypto Index ETF increases institutional exposure and liquidity in U.S. markets.

$18.27 million in XRP liquidations in past 24 hours, with $16 million in long positions closed during drop. Recent trader capitulation evident. XRP falls 10% in 1 week, but veteran traders anticipate a “full ballistic” move in Q4.

Read more at Yahoo Finance: XRP Falls 10% In 1 Week, But ‘Full Ballistic’ Move May Be On The Cards In Q4, Veteran Trader Says