news 
Analyst Reveals XRP’s Final Line of Defense
As the cryptocurrency market continues to experience a correction phase, one prominent analyst has shed light on what could be the final line of defense for Ripple (XRP) bulls.
In a recent tweet, Cryptoes revealed that $2.94 is the critical price level that XRP must hold onto in order to prevent a deeper correction and preserve the bullish momentum.
According to the analyst’s chart analysis, the $2.94 price point has become a crucial battleground for XRP traders. The zone represents a former resistance level which the token recently flipped into support during its explosive breakout. Currently, XRP is trading around $2.93-$2.94, hovering precariously close to this critical support level.
A failure to hold onto this level could trigger a more significant sell-off, potentially dragging the price back down to the $2.73 and $2.61 support levels, as identified by multiple analysts.
The analyst’s warning serves as a stark reminder that XRP remains at a crucial technical crossroads. The broader sentiment in the market is cautious, with traders waiting to see whether this correction is temporary or part of a longer consolidation phase.
Source: timestabloid.com
