$XRP has been facing significant price pressure recently, with technical indicators suggesting a potential drop to $1.96 by December 24, 2024. After reaching recent highs, the price has encountered resistance and has shown signs of a bearish trend. Key moving averages and market sentiment indicate a weakening bullish momentum, with the price currently struggling to maintain above critical support levels. The broader market conditions, combined with XRP’s recent price action, are pointing toward a possible correction, which could push the price down toward the $1.96 mark.
Traders are closely monitoring XRP’s price behavior around this key level, as a drop to $1.96 would represent a significant decline from its current value. While there may be short-term fluctuations, the prevailing market factors and technical indicators are supporting the bearish outlook. If the price fails to recover or break through resistance points in the coming days, further downside risks remain, and the $1.96 price target could become more likely as we approach December 24, 2024.
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