XRP price has pulled back again. Can it rebound to $2.35 in the future?

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XRP has recently failed to break through the resistance level of $2.35 and has fallen by more than 5%. The current price has fallen below the support level of $2.25, showing a bearish signal. The following are the latest market dynamics of XRP:

XRP has pulled back again and broken through the key support level

After failing to break through $2.35, the price of XRP started a new round of decline, breaking through the support levels of $2.30 and $2.25, and even testing the low of $2.12. The current price is around $2.15, slightly recovered, but still below the 100-hour simple moving average, showing that market sentiment is bearish.

Technical analysis: There is resistance in the short term

If XRP continues to rise, it may encounter resistance near $2.18. After breaking through the resistance levels of $2.20 and $2.24, XRP has the potential to recover to $2.30, or even touch the resistance levels of $2.32 or $2.35. However, if it fails to break through these key price levels, the price may continue to fall.

Support level focus: $2.12 and $2.10

If the XRP price fails to break through the $2.24 resistance zone, it may pull back to the $2.12 support level again, or even further test $2.10. If the price falls below $2.10, XRP may continue to fall to $2.05, or even touch the $2.00 support zone.

XRP currently faces a large downside risk, especially after failing to break through the important resistance level of $2.35. If the price fails to effectively break through the key resistance, it may continue to pull back and test the support zone of $2.10 or lower. Investors need to pay close attention to the performance of prices at these key levels to decide whether to prepare for further increases.

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