COMMITMENT TO OPENNESS
After Failing To Hold Above
Ripple(XRP) Struggles at Key LevelNext Move Could Be Crucial
Beware!ExpertsWarn AgainstXRPHype asRipplevs. SEC
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.
Hace
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
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.
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.
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
XRPNews Today:RippleLegal Risks Mount, Price DipsBelow$2.20
XRP Falls Below200-day Average, Bitcoin Dips to $105K as
Top Expert Predicts A Potential
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.
XRPPrice Analysis: Can the Altcoin SlipBelow$2Again?
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.
The Price Recently Tried To
Ripple(XRP-USD) Struggles Near $2.20– Can Bulls Prevent a DropBelow$2?
XRPPrice RisksFallingTo $2ButExpertsRemainBullish, Here’sWhy
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.
The
XRPprice fails to respond to two extremelybullishdevelopments
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.
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.
Ripple Falls Below$2.20:Why Experts Are Still Bullish on XRP
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