XRP, the native token of Ripple Labs, has been able to hold its crucial support level at $2.15 while other major cryptocurrencies have experienced a price decline. This is attributed to continuous support and confidence from investors and traders, as evidenced by a significant outflow of $407 million worth of XRP from exchanges to wallets. This outflow indicates potential upside momentum and a buying opportunity. However, if XRP closes below $2.15, there is a strong possibility of a 15% decline to the next support level at $1.95. On the other hand, if XRP holds this level, it could potentially soar by 25% to reach $2.75. Currently, XRP is trading around $2.20 with a slight price decline and lower trading volume.
- Content Editor ( coinpedia.org )
- 2024-12-23
XRP at Make-or-Break Level, Can It Hold $2.15?