XRP Faces Technical Risks Amid Conflicting Bull Claims

XRP is trading in the low-$2 range (~$2.40–$2.60) amid conflicting signals, including an unverified bullish $3.45 target attributed to Ripple’s CEO. Short-term technicals place critical support at $2.28–$2.40, with immediate resistance at $2.53–$2.74 (20/50/100-day EMAs); a break below $2.35–$2.40 or $2.28 could open a drop toward roughly $1.60–$1.80. On-chain metrics show weakening conviction — multi-week net outflows, rising NVT, increased liveliness and long-term holder selling, plus whale and mid-tier wallet distribution — adding downside risk. Social sentiment and small-wallet selling reflect retail FUD even as intermittent rebounds and higher volumes create volatile swings. Traders should monitor support levels, on-chain wallet activity and broader market indicators before positioning, since bullish targets remain fragile without renewed accumulation.