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XRP Price Prediction: Can $2 Hold or Is More Downside Coming?
- XRP is currently trading around $2.15 and is showing signs of a potential rebound after testing the critical $2.00 support level.
- The $2.00 support has been tested three times in the past two weeks, forming bullish reversal patterns and indicating strong buying interest in that area.
- On the 2-hour chart, XRP is forming a triple bottom pattern around the $2.10–$2.00 range, accompanied by oversold indicators like the Relative Strength Index (RSI).
- The 200 EMA at approximately $2.24 is acting as a significant dynamic resistance, with immediate resistance levels at $2.25 and $2.30 if XRP breaks above the EMA.
- Failure to surpass the 200 EMA could lead XRP back towards $2.00 for a retest of the support level.
- If the $2.00 support holds, XRP might aim for $2.24–$2.30 in the short term, possibly offering a 7–10% upside.
- A breakout above the 200 EMA could signal a bullish continuation pattern and a retest of previous highs above $2.35.
- On the downside, if $2.00 breaks convincingly, XRP could face increased bearish pressure with potential downside targets near $1.85–$1.78 based on prior price consolidation.
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