Warning to traders of currency $XRP .. The $2 level is the dividing line between stability and slipping
The Coinotag site indicated in an analysis of XRP that the currency is currently centered around a critical support level at a price of $2, in a scene that reflects a state of anticipation and uncertainty in the market. After a period of sharp volatility witnessed in the perpetual contracts, daily data showed a decline in trading volume by 4.22% to reach $2.73 billion, which analysts interpret as an indicator of the gradual erosion of trading momentum and the beginning of an accumulation phase.
This relative calm in price movement comes despite the currency facing continuous selling pressure during the last quarter, pushing it from levels close to $2.60 to the vicinity of this vital support, and traders are closely monitoring this level, as historical liquidity below it is considered weak, increasing the likelihood of rapid and sharp movements in case of a breakout.