Following recent declines, the leading altcoin XRP is trading below $2.60. It experienced a decline of over 2% in the last 24 hours and more than 8% over the past week, effectively erasing all recent gains.
XRP Commentary: Is the Correction Complete?
Market observers are discussing whether XRP's price decline may be nearing its end. Although there was a brief recovery after the steep drop on February 3, the price slipped again. If this correction is complete, XRP could be poised for a rise.
XRP Price Analysis: Could the Downtrend Deepen?
Alternatively, XRP may continue to lose value, deepening its downward trajectory. Current price movements could signal a more profound correction ahead, likely testing lower support levels.
Prospects and Recommendations for Investors
Should XRP dip below $2.52, the odds of continued decline would increase. The price could drop to between $2.26 and $2.31. In a pessimistic outlook, levels of $2.22, $2.10, or even $1.95 could be tested. Investors are advised to closely monitor these indicated support levels and adjust their positions accordingly.
The current situation requires investors to closely watch XRP’s key support levels. While there is potential for growth, risks of further decline also remain significant.
