XRP falls below 3 Is USD a buying opportunity or a warning sign?

XRP has recently fallen below $3, causing controversy among investors. The Securities and Exchange Commission and Ripple Labs dropped all appeals and ultimately ruled that XRP's secondary market sales did not fall into the scope of securities and that regulatory transparency became a key factor. The technology upgrades to the XRP ledger and the upcoming Ripple dollar stablecoin are designed to improve competitiveness, and the U.S. Securities and Exchange Commission (SEC) will make a decision on the XRP spot ETF application at the end of October (the odds of approval are high), which may drive institutional capital inflows. Despite the bullish technical pattern and a target price of $5, bearish pressure remains, with trading volume plummeting 66% and whales closing positions, which may retest $2.50 if it falls below support.