XRP

XRP Approaches Critical Support at $2.00

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Key Technical Level:
XRP is testing the strong $2.00 support level, which has consistently acted as a key price floor since December.

Descending Triangle Formation:
The price action is forming a descending triangle, where decreasing volatility suggests an imminent breakout. This pattern emerges as XRP approaches the intersection of descending resistance and horizontal support.

Bullish or Bearish?

A confirmed breakout above resistance could trigger a strong rally.
A sustained drop below $2.00 would invalidate the bullish outlook, potentially leading to a retracement toward $1.60-$1.80.
Market Perspective:
XRP’s rally from $0.60 to over $3.40 since November suggests that the current correction is likely a phase of profit-taking rather than a full trend reversal. However, traders should remain cautious and watch for confirmation of direction.

Stay alert—XRP is at a decisive moment! 🚀📉

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