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XRP Price: Major Support Forms at $2.20 Following Sharp Correction
- XRP experienced a sharp decline after failing to break the $3.00 resistance level, dropping over 20%
- Technical analysis shows a break below the bullish trend line at $2.40 on the hourly chart
- Major support levels are established at $2.20 and $2.120
- Key resistance levels to watch are $2.40 and $2.4750
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