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ASEEL SHEHAB
--
Bearish
Brief explanation of the XRP price drop:
• Natural correction: After a quick rise to 2.4840, the price fell due to profit taking.
• Selling pressure: Whales may have made large sales.
• Support test: The price is testing the $2.34 level, and may rebound from it if the support holds.
• Technical signals: Overbought (high RSI) led to a decline.
Tip:
• If it breaks $2.34, the price may fall further.
• If it stabilizes, it may rebound towards $2.4 again.
The decision depends on monitoring the support and trading volume!
• Natural correction: After a quick rise to 2.4840, the price fell due to profit taking.
• Selling pressure: Whales may have made large sales.
• Support test: The price is testing the $2.34 level, and may rebound from it if the support holds.
• Technical signals: Overbought (high RSI) led to a decline.
Tip:
• If it breaks $2.34, the price may fall further.
• If it stabilizes, it may rebound towards $2.4 again.
The decision depends on monitoring the support and trading volume!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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