XRP Army In Panic Mode As Price Dumps Hard
Main Idea
The XRP community is experiencing panic due to a sharp price drop, but long-term holders remain optimistic, viewing it as a temporary setback based on past trends.
Key Points
1. XRP's price dropped over 7% in a single session, falling from $3.577 to $3.254, causing concern among traders.
2. Despite the drop, experienced XRP holders believe the decline is temporary, citing past corrections that preceded major surges.
3. Short-term indicators, such as the MA(7) falling below MA(50) and MA(100), suggest weakening momentum.
4. Analysts remain optimistic about XRP's long-term potential, pointing to Ripple's ongoing developments and institutional interest.
5. At press time, XRP had slightly recovered to $3.29, with traders watching to see if it can reclaim $3.50 or risk further declines.
Description
The XRP community has been shaken after a sharp price drop erased recent gains, casting doubt over the token’s short-term outlook. Abs Nassif, host of the Good Morning Crypto show and a well-respected figure in the crypto space, shared a chart on X showing XRP’s sudden fall to $3.254. However, Nassif added a crucial message, telling the XRP army, “We’ve been here before!” The post came as XRP lost over 7% in a single session, leaving many traders on edge, but experienced XRP holders who believe ...
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