XRP Faces Selling Pressure After $3.40 Rejection: Could a Move to $2.50 Be Next?
Main Idea
XRP's price has dropped significantly after failing to hold the $3.40 support level, with analysts suggesting potential further declines and key levels to watch for future price movements.
Key Points
1. XRP lost crucial support at $3.40, indicating further downward momentum.
2. Whales purchased 900 million XRP following the SEC case settlement, boosting trading volume to $8.77 billion, a 69% rise.
3. A break above $3.27 could target $3.37, $3.51, and $3.60; a drop below $2.95 invalidates bullish scenarios.
4. The $2.40–$2.60 range is highlighted as a potential buy zone.
5. Regulatory clarity has boosted interest in XRP, but market direction remains tied to key technical levels.
Description
XRP has experienced a significant drop after failing to maintain the $3.40 support level, with analysts suggesting a potential entry zone between $2.40 and $2.60. XRP lost crucial support at
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