#xrp has dropped again! The price has already fallen below the key support of $2, currently hovering around $1.95. It just attempted to rebound above $2.12, but failed to sustain the rise like Bitcoin and Ethereum, with bearish forces clearly strong. Now the price is below $2 and the 100-hour moving average, and a downtrend line can also be seen on the hourly chart, with around $2.02 becoming a short-term resistance level.
If XRP wants to turn things around, it first needs to break through $2.02, then it might aim for $2.05, $2.08, or even $2.12. If the bulls are strong enough, targets of $2.15 or even $2.20 are not impossible. But don't forget, bears may strike again at any time.
On the downside, if it can't break through $2.02, a new round of declines may come, with initial support around $1.965, and more crucially at $1.95. If it falls below this level, XRP may continue to drop to $1.92 or even $1.88, with the worst-case scenario being a drop to $1.82.
In the short term, $2 is the key dividing line, with fierce battles between bulls and bears, and significant movements could happen at any time. Investors, be aware of the risks, as market fluctuations are large!
