"The Test of Santa Claus!!! XRP withstands the selling storm, quietly waiting for new opportunities above $2"
XRP's current market performance can be described as highly volatile. Under the dual pressure of reduced holiday liquidity and profit-taking, its price broke below the important psychological threshold of $2 before quickly rebounding to $2.05. In the past 24 hours, XRP has faced $7.8 million in liquidations, and open contracts have significantly decreased from $4.3 billion in early December to $1.9 billion, indicating continued low trading interest.
Although the launch of RLUSD once sparked market attention, with its 24-hour trading volume soaring by 191%, it still failed to reverse XRP's weak pattern. From a technical perspective, the current key support level of $1.90 is undergoing multiple tests, and further declines could lead the price to touch $1.60. However, if it can recover to $2.40, it may open up a new round of upward potential. Ripple's IPO, the potential approval of the XRP ETF, and the ongoing development of RLUSD will become important catalysts for long-term growth.
How will XRP unfold thrillingly in the future? Stay tuned to the master, helping you grasp the market pulse and win amidst the winds and waves of the crypto world!
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