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XRP’s $3 Recovery Halted, $2 Now at Risk
The trajectory of XRP toward the critical level of $3 has been momentarily halted, as the asset faces a crucial crossroads. A breakdown below the key support at $2.00 could lead to significant losses, while a failure to breach the short-term resistance at $2.26 may further dampen the recovery prospects.
As we reported earlier, XRP’s current consolidation zone between $2.26 and $2.84 could result in a prolonged move above this zone. Growing weakness is also reflected in the Relative Strength Index (RSI), which is currently hovering around the 40-43 range, indicating bearish bias but not yet oversold. The combination of these two factors suggests that the market is uncertain.
With the asset’s trajectory halted at $2.26, investors should remain vigilant and monitor both support levels closely.
Source: https://u.today/xrps-3-recovery-halted-2-now-at-risk
