XRP has experienced a significant 25% drop in price within a week, resulting in a cautious market sentiment and a lack of investor confidence. However, the weighted sentiment may shift if market conditions improve, potentially triggering a positive price movement. The Mean Coin Age (MCA) indicator suggests that long-term holders are holding onto their XRP, stabilizing prices and indicating confidence in its long-term prospects. Currently trading at $2.47, XRP is forming an ascending wedge pattern, which could signal potential upward movement if it maintains its support level of $2.33. However, if bearish market conditions persist, XRP could fall back to $2.33, dampening investor sentiment and delaying recovery.



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