XRP Price Faces Potential Further Decline Toward $3 Support Amid Market Selling Pressure
Main Idea
XRP price is experiencing bearish momentum, currently testing key support levels at $3.00 and $2.98, with potential for further decline toward $2.80 if these supports fail.
Key Points
1. XRP price fell 0.71% in the last 24 hours, trading at $3.04, indicating bearish pressure.
2. Hourly charts show XRP breaking below the $3.0932 support level, signaling a potential continuation of the downtrend.
3. Critical support zones to watch are $3.00 and $2.9873; a breach could lead to further decline toward $2.80.
4. Market sentiment is predominantly bearish, with sellers dominating price action.
5. Experts recommend monitoring hourly and daily charts, volume changes, and expert analysis for timely updates on XRP's price movements.
Description
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