XRP, which surged to nearly $3 during the recent Trump-fueled rally, has seen its momentum fade. After a brief spike following the launch of its stablecoin in mid-December, XRP has declined by 25%, currently struggling to stay above $2.
A 6% drop in the past 24 hours has heightened concerns, with analysts highlighting the $1.96 support level as critical. A breach of this level could trigger a decline towards $1, according to Andrew Griffiths.
Conversely, MAGIC predicts that a bounce off this support line is crucial for XRP to resume its rally and potentially reach a new all-time high.
December 2024, Cryptoniteuae
📧 The Gulf reads Cryptonite first
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