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XRP Price Risks Breakdown To Next Support Level, Why $2.28 Is Important

  • XRP price has been holding above $2.2 as a key support level despite bearish pressure, suggesting a potential bounce point for the next rally.
  • Crypto analyst warns of a possible classic bear trap for XRP, citing bearish developments like a Change of Character and an inverse Cup and Handle pattern.
  • There are concerns of a 10% price crash for XRP due to bearish pressure, potentially pushing the cryptocurrency below $2 amid risk of freefall.
  • Analyst advises waiting for confirmation before entering the market, with a focus on the $2.28 level as a critical point to invalidate the bearish thesis and continue the uptrend.

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