ترجمة
Rachel Porcello
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Why Is Ripple’s (XRP) Price Down Again Today?
XRP has taken a bigger hit than most cryptocurrencies during the latest market pullback, dropping 6% in the past 24 hours and struggling to stay above $2. Analysts warn that if XRP fails to hold above $1.96, it could fall toward $1.
What’s Happening With XRP?
Ripple’s XRP enjoyed an impressive rally recently, climbing from $0.60 to nearly $3 in just a month during the so-called “Trump-induced rally.” However, the momentum fizzled out at the start of December, and XRP couldn’t break past $3 to set a new all-time high.
Things briefly turned around in mid-December with the launch of Ripple’s highly anticipated stablecoin, which boosted XRP’s price. But the gains didn’t last. Since its December 17 peak, XRP has lost 25% of its value.
The past 24 hours have been particularly rough, with XRP dropping 6% and barely clinging to the $2 mark.
What Are Analysts Saying?
Many analysts are now focusing on the $1.96 support level as a critical point. Andrew Griffiths warns that if XRP falls below this level, it could quickly drop to $1.
“XRP was forming a bullish pennant, but if this pattern fails, we could see a sharp fall into the low $1 range,” Griffiths said. “With Bitcoin likely peaking for the year, XRP could see even lower prices.”
On the flip side, there’s still hope for recovery. Analyst MAGIC believes that XRP might bounce back if it holds the $1.98 support.
“XRP is still holding above $1.98 and appears to be forming a bull flag. If it holds, we could see a push toward new highs. But if it breaks, expect a rapid decline,” MAGIC explained.
What’s Next for XRP?
The $1.96–$1.98 range is the key battleground right now. A strong bounce could reignite momentum, potentially pushing XRP toward $3.53. However, if it slips below this range, the sell-off could accelerate, sending XRP closer to $1.
For now, investors are closely watching how XRP performs around this critical support level.
XRP has taken a bigger hit than most cryptocurrencies during the latest market pullback, dropping 6% in the past 24 hours and struggling to stay above $2. Analysts warn that if XRP fails to hold above $1.96, it could fall toward $1.
What’s Happening With XRP?
Ripple’s XRP enjoyed an impressive rally recently, climbing from $0.60 to nearly $3 in just a month during the so-called “Trump-induced rally.” However, the momentum fizzled out at the start of December, and XRP couldn’t break past $3 to set a new all-time high.
Things briefly turned around in mid-December with the launch of Ripple’s highly anticipated stablecoin, which boosted XRP’s price. But the gains didn’t last. Since its December 17 peak, XRP has lost 25% of its value.
The past 24 hours have been particularly rough, with XRP dropping 6% and barely clinging to the $2 mark.
What Are Analysts Saying?
Many analysts are now focusing on the $1.96 support level as a critical point. Andrew Griffiths warns that if XRP falls below this level, it could quickly drop to $1.
“XRP was forming a bullish pennant, but if this pattern fails, we could see a sharp fall into the low $1 range,” Griffiths said. “With Bitcoin likely peaking for the year, XRP could see even lower prices.”
On the flip side, there’s still hope for recovery. Analyst MAGIC believes that XRP might bounce back if it holds the $1.98 support.
“XRP is still holding above $1.98 and appears to be forming a bull flag. If it holds, we could see a push toward new highs. But if it breaks, expect a rapid decline,” MAGIC explained.
What’s Next for XRP?
The $1.96–$1.98 range is the key battleground right now. A strong bounce could reignite momentum, potentially pushing XRP toward $3.53. However, if it slips below this range, the sell-off could accelerate, sending XRP closer to $1.
For now, investors are closely watching how XRP performs around this critical support level.
إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
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