XRP Price Analysis: Possible 4% Drop if Support Breaks

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XRP is trading at $2.19 after a recent fall from $2.30. The price has found strong support at $2.17, which is an important level to watch.

XRP Chary (Source Coingecko)

On the 4-hour chart, XRP is struggling to move below the EMA50 line, which is acting as extra support.

  • RSI is neutral, meaning there’s no strong buying or selling signal.
  • MACD is negative, showing bearish pressure in the market.

If XRP breaks below $2.17, it could move down to $2.10, which is about a 4% drop from the current price.

Key Takeaway

Traders should carefully watch the $2.17 support level. A break below this could mean more downside ahead, while holding above it might lead to a bounce.

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