XRP Faces Potential Further Correction as Price Tests Key Support Levels
2025-07-19 12:18:00
Main Idea
XRP is undergoing a correction phase with its price testing key support levels, potentially leading to further declines if it fails to hold these levels.
Key Points
1. XRP/USD has declined by approximately 1.17% in the past 24 hours, testing the local support level at $3.4115.
2. A daily close below $3.4115 could confirm a near-term target of $3.35, with further downside potential to the $3.00-$3.20 support zone if selling pressure persists.
3. The $3.40 level is a critical pivot point; a sustained break below it may indicate strong selling momentum.
4. Traders and investors are advised to monitor key support levels and stay informed through reliable sources for market insights.
5. The broader cryptocurrency market weakness is contributing to XRP's current correction phase.
Description
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