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Ripple’s X...
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Ripple’s XRP Struggles to Hold Ground: Can It Rebound or Is a Deeper Correction Coming?

  • The price of XRP has dropped to the $2 range with an increased trading volume of over 66%.
  • Bitcoin and Ethereum are trading downside, fear in the market with a Crypto market cap at $3.12 trillion.
  • XRP faced a plunge in price of over 2.21%, hitting a high of $2.08 and dropping to around $1.91.
  • XRP's current trading range is around $2.02 with increased daily trading volume resting at $5.11 billion.
  • XRP price surged by over 13.53% in the last thirty days, hitting a high of $2.45.
  • Technical analysis suggests a strong bearish momentum in XRP with MACD and CMF pointing towards potential downside correction.
  • XRP's RSI at 40.87 indicates a neutral to slightly bearish zone, with BBP value signaling a slight bearish momentum.
  • XRP might test support levels below $1.96 and crucial support at $1.90 if the bearish momentum continues.
  • On the upside, XRP could climb to test resistance levels at $2.07 and $2.12, potentially leading to a golden cross.
  • Highlighted crypto news includes Singapore mandating DTSP license for all overseas digital token services.

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