XRP News Today: XRP's Support Level Faces Pressure Amid Analyst Disagreements on Potential Decline
- XRP tests critical $1.90–$1.91 support zone amid intensified selling pressure, with whale dumping of 200M tokens exacerbating downward momentum. - Technical indicators show conflicting signals: Ichimoku Cloud bullish bias contrasts with RSI neutrality and bearish Fibonacci retracement risks. - Analysts split between potential 50% rebound if bulls reclaim $2.08–$2.26 levels or 55% slump to $1.00 amid deteriorating network activity and stalled user growth. - Market uncertainty amplified by Bitcoin weakness
XRP has entered a crucial support region as selling activity increases, leaving analysts divided over whether the asset has stabilized or is poised for further losses. The token recently regained the $1.96 mark—a previous resistance from 2021 that
Recent price movements reveal both strength and vulnerability. XRP’s consolidation above the $2.02–$2.06 range
Bearish outlooks are reinforced by weakening network activity.
Expert opinions remain sharply divided.
Broader market dynamics add to the unpredictability. Bitcoin’s weakness below $90,000 has increased volatility among altcoins, and institutional investment flows remain inconsistent.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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