CandleFocus XRP Price Crashes Hard: Is There a Recovery in Sight?
2025-02-03
Author: Content Editor
The price of XRP has experienced a significant decline, falling more than 25% and dropping below key support levels. It reached a low of $1.75 before starting to recover, surpassing the $2.00 level. However, it is still trading below the 100-hourly Simple Moving Average and faces resistance levels at $2.30, $2.40, and $2.45. If it is able to break above these resistance levels, there is potential for further gains towards $2.50, $2.650, and eventually $3.00. On the other hand, if it fails to break the $2.40 resistance, it could continue to decline, with support levels at $2.10, $2.00, and potentially $1.850. The technical indicators suggest a bearish trend, with the MACD in the bearish zone and the RSI below 50.
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