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Ripple (XRP) faces the risk of falling below $2 after a 12% decline in the past week. This potential drop is highlighted by technical indicators identified in recent XRP analysis, pointing to mounting bearish pressure.
The $2.2 billion position in futures markets signals growing interest from traders, but it is not necessarily bullish, as those instruments can also be used to speculate on the XRP price downside.
Ripple(XRP) Struggles at Key LevelNext Move Could Be Crucial
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XRPNews Today:RippleLegal Risks Mount, Price DipsBelow$2.20
XRPPrice Analysis: Can the Altcoin SlipBelow$2Again?
Hace 1 día XRP fell 1.32% on Thursday, May 29, following Wednesday’s 1.85% loss, closing at $2.2445. The token outperformed the broader market, which slid 2.58% to a crypto market cap of $3.29 billion.
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The price recently tried to stay above $2.50 but failed, leading to a pullback. Support Level: $2.20If XRP drops below this, it could fall further toward $2.00. Resistance Level: $2.50A strong push above this could bring back bullish momentum, with targets at $2.70 and possibly $3.00.
Hace 1 día XRP Falls Below 200-day Average, Prices fell below $2.20, registering 4.6% losses on a 24-hour basis, according to data source Bullish was incubated by technology investor Block
XRPprice fails to respond to two extremelybullishdevelopments
Top Expert Predicts A Potential
Top expert predicts a potential XRP price crash to $2. XRP recorded a dip of over 10% amid a broader crypto market crash today. Top analysts remain bullish on the long-term trajectory of Ripple's native crypto, predicting a potential rally to $5.
Ripple Falls Below$2.20:Why Experts Are Still Bullish on XRP
XRPPrice RisksFallingTo $2ButExpertsRemainBullish, Here’sWhy
However
However, even with Ripple falling below $2.20 to end the week, experts still appear bullish on XRP for notable reasons. Ripple made headlines this month when the US Securities and Exchange Commission (SEC) decided
However, even with Ripple falling below $2.20 to end the week, experts still appear bullish on XRP for notable reasons. Ripple made headlines this month when the US Securities and Exchange Commission (SEC) decided to drop its years-long legal battle with the crypto firm.
A bounce from current levels could suggest renewed bullish momentum, especially if XRP reclaims the $2.75 level. A retest of the critical $1.95 support zone is likely if the price breaks down from the triangle.
XRP Falls Below200-day Average, Bitcoin Dips to $105K as
Beware!ExpertsWarn AgainstXRPHype asRipplevs. SEC
Ripple(XRP-USD) Struggles Near $2.20– Can Bulls Prevent a DropBelow$2?
After Failing To Hold Above
After failing to hold above $2.50 and losing momentum near $2.62 resistance, Ripple has been sliding lower, with traders now watching whether the $2.20 support zone will hold or if a breakdown toward $1.75 is coming. A sharp increase in selling pressure has been triggered by large investors exiting their XRP positions.
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