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Title: XRP: Price Adding Zero Is Possibility Now
Despite its history of surviving harsh market cycles, XRP is currently in a very precarious position due to a confluence of investor anxiety, technical failures and macroeconomic headwinds. In light of the recent market trends, it’s not impossible that XRP could return to sub-$1 levels if momentum keeps up, adding a zero in the most literal sense.
As I’ve observed over time, when sentiment shifts towards pessimism and defensive positioning, we often see a surge in short interest and open interest increasing while prices decline. This is precisely what we’re witnessing now. Funding rates are also trending downward, which suggests that market participants are adopting a risk-off approach.
Considering the current state of affairs, it’s crucial to closely monitor key levels at $1.00 and $1.50 for any signs of support or resistance. These critical price points might serve as a last resort for investors looking to salvage their positions or initiate new ones.
I urge investors to remain vigilant in this regard and keep a close eye on XRP’s performance, particularly around these crucial levels.
Source: https://u.today/xrp-price-adding-zero-is-possibility-now
