XRP has seen a 4.52% intraday recovery and is currently trading at $2.10. The cryptocurrency is at a crossroads, with a volatile market condition and a possibility of either a rebound to $3.35 or a correction to $1.40. The daily chart shows a bullish failure to hold support at $2.14, leading to a four-day correction streak and a low at $1.89. However, there have been low-price rejection wicks near the $1.90 zone, suggesting a potential historical price reversal. The rising 200-day EMA line acts as a support-turn resistance level at $2.15. If there is a bullish comeback, XRP could return to the right-angle ascending broadening wedge and the overhead resistance trend line. The immediate price target would be the 23.6% Fibonacci level at the $3.35 swing high. On the other hand, a failure to hold dominance at the 200-day EMA line could result in a steeper correction, with crucial support at $1.39 and $1.05. The fear and greed index in the crypto market fluctuates between extreme and moderate fear, as revealed by data from Glassnode. Capital inflows in the crypto market have significantly declined from $134 billion to $8.94 billion, supporting the growing fear in the market. While XRP is unlikely to experience a parabolic rise, a short-term recovery could challenge the 50-day EMA at $2.46, and a correction rally after a support zone breakdown could see fluctuation near the 200-day EMA at $1.85.



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