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TronWeekly

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XRP Faces Major Support Test: Will the Price Hold or Drop to $1.79?

  • XRP is facing a major support test, with a potential drop to $1.79 looming.
  • Analysts warn that breaking the 2041 satoshi support level could lead to further declines.
  • The once-possible bullish setup for XRP is becoming less likely as pullbacks deepen.
  • Experts suggest that a drop to 1800 satoshi is possible if the support is breached.
  • XRP has been struggling at critical support levels over the last few weeks.
  • The yellow 1-2 formation indicating a bullish move is now less probable due to deep pullbacks.
  • Analysts express concern over XRP's price erosion and lack of major bullish response.
  • The loss of the 2041 satoshi support could lead to uncertainty and volatile market conditions.
  • Despite worries, the probability of a bullish recovery for XRP stands at 70% at present.
  • XRP faces a crucial period ahead to determine potential recovery or further losses.

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