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XRP Price May Lose $2 Support This Week...But Here is a Catch 👇
On January 8th, Tuesday, the crypto market witnessed a surge in selling pressure as $BTC correction neared a $90k breakdown. Defying the broader market correction, the $XRP price bounced 4%, projecting its resilience and sustainability above key support.
$XRP price trades at $2.36, with a market cap of $135.2 Billion and a 24-hour trading volume of $7.5 Billion.
Key Highlights:
The XRP price prolongs its short-term consolidation within the formation of a pennant pattern.Crypto whales sold millions of XRP coins, increasing the likelihood of a breakdown below the triangle support.
The #RippleCrypto has witnessed significant selling pressure as whales offloaded 60 million tokens over the last 24 hours, according to analysis by Santiment.
However, with the current market correction, the #XRPPriceTargets could plunge 10% and tease a breakdown below the lower trendline. If successful, the selling pressure will accelerate and extend the downfall to $1.12.
This Is Not An Investment Advise...#CryptoNewsWithWarner
$XRP price trades at $2.36, with a market cap of $135.2 Billion and a 24-hour trading volume of $7.5 Billion.
Key Highlights:
The XRP price prolongs its short-term consolidation within the formation of a pennant pattern.Crypto whales sold millions of XRP coins, increasing the likelihood of a breakdown below the triangle support.
The #RippleCrypto has witnessed significant selling pressure as whales offloaded 60 million tokens over the last 24 hours, according to analysis by Santiment.
However, with the current market correction, the #XRPPriceTargets could plunge 10% and tease a breakdown below the lower trendline. If successful, the selling pressure will accelerate and extend the downfall to $1.12.
This Is Not An Investment Advise...#CryptoNewsWithWarner
Toninho Dias:
Don't lose, just buy more at the low or hold until it takes off again. I've already lost more than 20% in this low, thank goodness I don't need the money now.
🔗 XRP Performance
Current Price: $1.79
Support Level: $1.79
Trend: Testing significant support levels.
📈 Prediction: If XRP bounces from support, a climb to $1.95 is plausible. Breaching $1.79 may lead to $1.65.
$XRP
#xrp | #RippleCrypto | #XRPAnalysis | #DigitalAssets
Current Price: $1.79
Support Level: $1.79
Trend: Testing significant support levels.
📈 Prediction: If XRP bounces from support, a climb to $1.95 is plausible. Breaching $1.79 may lead to $1.65.
$XRP
#xrp | #RippleCrypto | #XRPAnalysis | #DigitalAssets