CandleFocus Ripple Price Analysis: XRP Could Slump to $1.4 if This Support Level Doesn’t Hold
2024-12-20
Author: Content Editor
Ripple's price has been consolidating and failing to reach a new all-time high. Recently, it jumped above $2.7 before experiencing a market crash and dropping below $2. The RSI indicator shows an overbought signal at the beginning of November, causing the market to cool down and consolidate. The $2 support level remains intact and could push the price higher towards $3, but if it is decisively broken, a deeper correction to $1.4 is expected. The Bitcoin-paired chart also shows a similar price action, with resistance and support levels being tested. The RSI indicates bullish momentum, but if the support level is broken, the market could drop further.
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