Despite the sharp decline, there may be a glimmer of hope on the horizon for bullish traders. With XRP hovering just above a key support level at $0.46, some market analysts speculate that resilient bulls could emerge, even in the face of potential further declines in Bitcoin later this month.

The recent market turbulence saw XRP’s structure shift bearishly, breaching key support levels and triggering a flurry of selling activity.&middot

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