XRP has recently experienced a drop to the important support area between $2.40 and $2.20. This area saw some initial price reactions on Sunday and Monday this week, but the response has not yet been strong enough to indicate a clear upward move.

At the current price, XRP is showing signs of consolidation. If the price holds above the support level of $2.40, there may be a chance for recovery. However, if the price drops below $2.20, this could signal a more significant decline in the near future.

The important resistance level to watch is around $2.73, the highest since December 17. Breaking above this level may trigger a more direct upward move, with the possibility of XRP testing its all-time high.

Overall, XRP is at a critical juncture, and a few subsequent moves will depend heavily on the ability to maintain support at $2.40. A break below this level will shift focus to lower price targets, while a break above $2.73 will signal a continuation of upward momentum.$XRP #BitwiseBitcoinETF