Brief explanation of the XRP price drop:
• Natural correction: After a quick rise to 2.4840, the price fell due to profit taking.
• Selling pressure: Whales may have made large sales.
• Support test: The price is testing the $2.34 level, and may rebound from it if the support holds.
• Technical signals: Overbought (high RSI) led to a decline.
Tip:
• If it breaks $2.34, the price may fall further.
• If it stabilizes, it may rebound towards $2.4 again.
The decision depends on monitoring the support and trading volume!