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TronWeekly

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XRP Short-term Price Prediction: Enters Danger Zone Below $2.30 as Selling Pressure Mounts

  • XRP is trading at $2.2929, with a 0.69% decline, slipping below key moving averages and nearing the lower Bollinger Band at $2.2656.
  • Immediate resistance levels for XRP are at $2.30 and $2.3288, targeting a recovery at $2.48 if momentum shifts. Support is seen at $2.2799 and $2.2656, with further downside potential towards the $2.22–$2.20 range.
  • The short-term trend for XRP is bearish below $2.30, confirmed by its position under key moving averages like the 9-period EMA and TEMA. XRP is approaching oversold conditions near the lower Bollinger Band without a clear reversal signal.
  • XRP's current bearish trend indicates selling pressure mounting below $2.30, with potential downside risk towards key support levels if price closes below $2.2656.

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