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Bit_Guru
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$XRP Analysis: Significant Drop – Key Levels to Monitor!
Current Price: $2.2113
24h High: $2.5120
24h Low: $2.0012
24h Change: -11.93%
Market Analysis:
$XRP experienced a sharp drop from $2.51 to a low of $2.00, losing almost 12% in 24 hours. The bounce from $2.00 suggests buyers are stepping in, but the downward momentum remains strong, indicating caution for further trades.
Key Levels to Watch:
Resistance: $2.28 and $2.38 – XRP must break above these levels to regain bullish sentiment.
Support: $2.00 – A crucial level to hold. If breached, the next support lies around $1.95.
Prediction:
If $XRP holds above $2.20 and clears $2.28, it could attempt to retest $2.40 in the short term. However, failure to hold $2.20 increases the risk of retesting $2.00 or falling lower.
Manage your trades cautiously during this volatile period!
#XRPGoal #CryptoAnalysis #BinanceSquareFamily #Share1BNBDaily
Current Price: $2.2113
24h High: $2.5120
24h Low: $2.0012
24h Change: -11.93%
Market Analysis:
$XRP experienced a sharp drop from $2.51 to a low of $2.00, losing almost 12% in 24 hours. The bounce from $2.00 suggests buyers are stepping in, but the downward momentum remains strong, indicating caution for further trades.
Key Levels to Watch:
Resistance: $2.28 and $2.38 – XRP must break above these levels to regain bullish sentiment.
Support: $2.00 – A crucial level to hold. If breached, the next support lies around $1.95.
Prediction:
If $XRP holds above $2.20 and clears $2.28, it could attempt to retest $2.40 in the short term. However, failure to hold $2.20 increases the risk of retesting $2.00 or falling lower.
Manage your trades cautiously during this volatile period!
#XRPGoal #CryptoAnalysis #BinanceSquareFamily #Share1BNBDaily
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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