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XRP’s Bearish Setup Points to 71% Crash, Analyst Warns
- XRP's price experienced a steep decline of 19.23% to $1.68, its lowest level in two months.
- Analyst Mario warns of a potential 71.34% drop for XRP, targeting the $0.50-$0.70 range.
- $63.82 million worth of XRP positions were liquidated, contributing to the selling pressure.
- XRP's open interest dropped by 22.48% to $2.80 billion, with negative funding rates indicating a tilt towards short selling.
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