Price and Technical Analysis

Price Decline: The price of $XRP is currently on the decline for the week, with a notable drop over the last 24 hours.

Technical Resistance:

Technical analysis suggests $XRP

XRP

2.0249

+0.56%

#is still struggling with downward pressure and remains trapped inside a descending channel. Key resistance levels around the $2.40 - $2.60 zone need to be reclaimed by buyers to reverse the bearish short-term trend.

Support Zone: The next major demand (support) area is identified around $1.85.

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