Overview

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A bounce from current levels could suggest renewed bullish momentum, especially if XRP reclaims the $2.75 level. A retest of the critical $1.95 support zone is likely if the price breaks down from the triangle. Ripple (XRP) faces the risk of falling below $2 after a 12% decline in the past week. This potential drop is highlighted by technical indicators identified in recent XRP analysis, pointing to mounting bearish pressure. Hace 1 día XRP Falls Below 200-day Average, Prices fell below $2.20, registering 4.6% losses on a 24-hour basis, according to data source Bullish was incubated by technology investor Block Top expert predicts a potential XRP price crash to $2. XRP recorded a dip of over 10% amid a broader crypto market crash today. Top analysts remain bullish on the long-term trajectory of Ripple's native crypto, predicting a potential rally to $5. However, even with Ripple falling below $2.20 to end the week, experts still appear bullish on XRP for notable reasons. Ripple made headlines this month when the US Securities and Exchange Commission (SEC) decided to drop its years-long legal battle with the crypto firm. The $2.2 billion position in futures markets signals growing interest from traders, but it is not necessarily bullish, as those instruments can also be used to speculate on the XRP price downside. However, even with Ripple falling below $2.20 to end the week, experts still appear bullish on XRP for notable reasons. Ripple made headlines this month when the US Securities and Exchange Commission (SEC) decided Hace 1 día XRP fell 1.32% on Thursday, May 29, following Wednesday’s 1.85% loss, closing at $2.2445. The token outperformed the broader market, which slid 2.58% to a crypto market cap of $3.29 billion. The price recently tried to stay above $2.50 but failed, leading to a pullback. Support Level: $2.20If XRP drops below this, it could fall further toward $2.00. Resistance Level: $2.50A strong push above this could bring back bullish momentum, with targets at $2.70 and possibly $3.00. After failing to hold above $2.50 and losing momentum near $2.62 resistance, Ripple has been sliding lower, with traders now watching whether the $2.20 support zone will hold or if a breakdown toward $1.75 is coming. A sharp increase in selling pressure has been triggered by large investors exiting their XRP positions.

Ripple (XRP) Falls Below $2.20: Why Experts Are Still Bullish

Ripple (XRP) faces the risk of falling below $2 after a 12% decline in the past week. Recent XRP analysis highlights mounting bearish pressure, evident in technical indicators. Despite this, and Ripple falling below $2.20 to end the week, experts still appear bullish on XRP for notable reasons.

XRP Price Action: What's Happening?

XRP recently tried to stay above $2.50 but failed, leading to a pullback. Hace 1 día XRP fell 1.32% on Thursday, following Wednesday’s 1.85% loss, closing at $2.2445. XRP recorded a dip of over 10% amid a broader crypto market crash today. Prices fell below $2.20, registering 4.6% losses on a 24-hour basis, according to data source.

Key Price Levels to Watch:

  • Support Level: $2.20. If XRP drops below this, it could fall further toward $2.00. A retest of the critical $1.95 support zone is likely if the price breaks down from the triangle.
  • Resistance Level: $2.50. A strong push above this could bring back bullish momentum, with targets at $2.70 and possibly $3.00. A bounce from current levels could suggest renewed bullish momentum, especially if XRP reclaims the $2.75 level.

After failing to hold above $2.50 and losing momentum near $2.62 resistance, Ripple has been sliding lower, with traders now watching whether the $2.20 support zone will hold or if a breakdown toward $1.75 is coming. A sharp increase in selling pressure has been triggered by large investors exiting their XRP positions.

Why the Optimism? Experts Still Bullish on XRP

However, even with Ripple falling below $2.20 to end the week, experts still appear bullish on XRP for notable reasons. Ripple made headlines this month when the US Securities and Exchange Commission (SEC) decided to drop its years-long legal battle with the crypto firm.

Top analysts remain bullish on the long-term trajectory of Ripple's native crypto, predicting a potential rally to $5. A top expert predicts a potential XRP price crash to $2. Bullish was incubated by technology investor Block.

The $2.2 billion position in futures markets signals growing interest from traders, but it is not necessarily bullish, as those instruments can also be used to speculate on the XRP price downside.

In Summary: While XRP faces short-term bearish pressure and the possibility of falling below $2, the long-term outlook remains optimistic due to favorable developments, particularly the SEC case resolution. Keep an eye on key support and resistance levels for potential price movements.

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