The XRP bull market this time is completely over; the bears have dealt a devastating blow to the bulls!
The price drop of XRP this time is really severe; some people were directly liquidated over 9,000 coins at the high price of $2.3, which is truly alarming.
The speed of this drop has left those who thought XRP would rise completely bewildered, and in the end, they had no choice but to accept defeat and leave. Now the bears are completely in control, and if buyers don't act quickly, the price will continue to fall.
Now, the $2.3 price is critical for whether XRP can stabilize. If it can't hold this level, then it will continue to drop.
And $2.2 is the last line of defense for the bulls. The bulls must fight to hold this price level, or else the losses will be significant.
This drop has also caused trading volume to skyrocket, and the market is extremely volatile. It's clear that the sellers are starting to take control of the market.
If XRP really drops below $2.2, then it could plunge all the way down to $2.1 or even lower.
Therefore, the $2.2 position is too important; if it can't be held, XRP will drop even more severely. We must keep a close eye on market dynamics, quickly adjust our strategies, and not get trapped!
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