XRP Dips Below Critical Support Level Sparking Market Concerns
Main Idea
XRP's price fell below the critical $3 support level, settling at $2.96, leading to market concerns and a $5 billion drop in market capitalization.
Key Points
1. XRP dropped 2.5% in 24 hours, falling below the $3 psychological support level to $2.96.
2. Analyst Ali Martinez suggests the real bottom could be between $2.48 and $2.40, with potential buying opportunities in that range.
3. The Tom DeMark TD Sequential indicator issued a sell signal at $3.60, often a precursor to broader downturns.
4. A decline in the Relative Strength Index (RSI) below 45 could accelerate downward momentum.
5. Whale activity included the offloading of 720 million XRP from wallets, contributing to market volatility.
Description
XRP dips below $3, shedding market value amidst technical sell signals. Technical indicators foresee further declines, with potential bottom near $2.40. Continue Reading: XRP Dips Below Critical Support Level Sparking Market Concerns The post XRP Dips Below Critical Support Level Sparking Market Concerns appeared first on COINTURK NEWS .
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