XRP price continues to drop sharply, currently hovering around $2 after a 25% decrease from the local peak on December 17. Analysts point out that the important support level of $1.96 needs to be maintained to avoid a deeper drop to $1.

XRP once reached a peak near $3 due to a price surge influenced by Trump, but has been unable to maintain that momentum. Despite launching a stablecoin in mid-December, XRP still could not sustain its drive.

However, if XRP can bounce back from this support line, it may continue its journey towards new highs. Experts consider the $1.98 level as important support, while $3.53 is the main resistance. 🚀