XRP at $3: Analysts Warn $2.8 Breakdown Could Be ‘Game Over

Joe M
Ripple XRP

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  • Analysts say $2.8 is the make-or-break support for XRP.
  • A breakdown could send XRP lower, while bulls eye $3.5–$4.2.
  • Despite legal wins, XRP remains one of the weakest altcoin performers.

Despite positive developments such as the end of Ripple’s legal battle with the SEC and fresh momentum around spot ETF filings, XRP remains one of the weakest performers in the altcoin market. While Ethereum (ETH), Solana (SOL), and BNB have all posted significant weekly gains, XRP has climbed just 0.08%—lagging behind its peers and facing renewed downside pressure.

$2.8 Support Emerges as Critical Level

According to market analyst Joe Swanson—who often delivers insights in the voice of the “Family Guy” character he adopts—XRP is currently battling bears around the $3 level, with a pivotal support zone sitting at $2.8.

Market analyst Joe Swanson

Swanson described the $2.8 mark as the “make-or-break” level for XRP. He noted that between August 19 and 22, the token repeatedly retested this support before bouncing 7.81% to $3.1. The recovery provided some optimism, but Swanson warned that a decisive move below $2.8 could be “game over,” potentially exposing XRP to steeper declines.

Short-Term Upside Targets Remain

Despite the bearish risk, Swanson highlighted that XRP remains above several key Exponential Moving Averages (EMAs), which could offer support if bullish momentum returns. From here, he sees a possible rally toward the $3.1 to $3.5 range if XRP holds above its critical support levels.

Other analysts are more optimistic. CryptoInsightUK pointed to significant liquidity between $3.1 and $3.7, suggesting that this zone could fuel the next leg higher. He even forecasted a push to a new all-time high above $4.2 once momentum strengthens.

Meanwhile, EGRAG Crypto argued that even if XRP dips below $2.8, hope remains as long as the token stays above $2.65. In his view, XRP is simply consolidating, and real direction will only be confirmed with a breakout above $3.65 or a breakdown below $2.65.

XRP’s struggle at the $3 psychological level underscores the token’s fragile position in today’s market. With $2.8 emerging as the decisive support, traders face a high-stakes moment: either a renewed push toward $3.5 and beyond, or a breakdown that could derail momentum.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

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