CandleFocus XRP Price Prediction – XRP might drop below $2 after recent Flash Crash
2024-12-15
Author: Content Editor
The XRP price is currently stable at around $2.4, which some investors interpret as a sign of stability, while others are cautious about a potential larger correction. Bitcoin's price movements often influence the broader crypto market, and analysts predict that if Bitcoin drops below $100K, XRP may follow suit. XRP recently experienced a flash crash but quickly recovered, highlighting its vulnerability. Analysts forecast that the XRP price may head lower in the coming weeks, especially after falling below its 21-day Simple Moving Average (SMA 21), indicating increased selling pressure. The next move for XRP depends on Bitcoin's performance and key factors like investor sentiment and technical indicators. If XRP fails to hold above $2, the next support level is at $1.8. However, if XRP reclaims the SMA 21 and Bitcoin breaks $104K, it may regain momentum and push higher.
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