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XRP has experienced a significant drop of 37%, plummeting to $3.18 from its previous high of approximately $3.70. The cryptocurrency’s momentum has noticeably waned in recent weeks, and the recent price movement reflects this.
While XRP’s recent rally was characterized by rapid upward motion, followed by a sharp correction, the current decline is not necessarily an indication of a trend reversal. In fact, it could be viewed as a normal corrective pause within an ongoing uptrend.
In light of this recent downturn, several questions arise regarding the asset’s future trajectory. Firstly, whether XRP can maintain support above the psychological $3.00 level and consolidate with increasing volume in the middle of the week.
Source: u.today
