XRP has experienced a significant drop in price, falling 12.47% in the past 24 hours and trading at $2.32. The market volume has also decreased, indicating less trading activity. Traders are closely monitoring key support and resistance levels to predict the next price movement. XRP is testing the $2.30 support level, which is of psychological importance. If this level fails to hold, the price could decline further to $2.20. $2.00 is another strong support area where buyers may intervene. However, if XRP bounces back from $2.30, it has a chance to recover and face resistance levels at $2.50 and $2.65. Breaking through these resistance levels could attract more buyers. The RSI suggests neutral to bearish momentum, while the MACD confirms a bearish trend. XRP futures trading volume and open interest have decreased significantly, but options volume and open interest have increased. These findings are meant for informational purposes only and should not be considered financial advice.
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