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XRP Price Might Drop Below $1.80 Before Bouncing Back – XRP Price Predication
The current market downturn has led to a significant drop in the value of Ripple (XRP), which traded at $1.90 as of the reporting time. According to CoinMarketCap, this represents a 13.22% decline over a single day. While many experts are skeptical about the future of XRP’s price movement, some are predicting that it may take a brief dip below $1.80 before bouncing back.
This prediction suggests that investors should not be alarmed by a temporary drop to this level, but rather view it as an opportunity to buy in at a discounted rate. However, if the price fails to bounce back above this support zone, it could signal a more significant decline in value for the cryptocurrency.
Notably, XRP’s chart shows that it is likely planning to change its current trajectory and make a comeback from its present trading range around $1.80. The technical indicators suggest that an XRP price movement would be required for a successful and steady comeback from this level.
Source: https://bitcoinik.com/xrp-price-might-drop-below-180-xrp-price-predication/
