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XRP Struggles Near $2.14 as Bears Maintain Aggressive Momentum
- XRP is struggling near $2.14 facing strong bearish pressure after falling below $2.20 support level.
- Technical indicators show consolidation between $2.09-$2.20 with RSI below 50 and momentum favoring bears.
- Analysts predict a potential crash to $1.55 or a bullish surge towards $8-$13 by July.
- Ripple's price volatility is influenced by Middle East tensions, leading to price reactions and increased liquidations.
- XRP is in a consolidation phase below short-term moving averages, indicating uncertainty in the market direction.
- Bulls aim to push XRP above moving averages to initiate an upward rally, while failure could result in downside risks.
- XRP has slightly rebounded from the 200-day EMA at $2.09, but RSI below 50 signals bearish momentum.
- The descending channel's midline and $2.09 are crucial levels to monitor; a breach below $2.00 could confirm a bearish trend.
- Analysts warn of a crash if $2.25 support fails, with potential decline to $2.01, $1.90, or $1.55 indicating severe downside continuation.
- Despite short-term risks, analysts also predict a bullish scenario with XRP potentially reaching $8-$13 by July.
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