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XRP Price Update: Could We See an 11% Drop Soon?

XRP is currently trading at $2.78 and showing signs of weakness in the market. 

XRP Chart (Source Coingecko)

Right now, it’s under clear selling pressure, and unless something shifts soon, a further drop could be on the way.

The price has fallen below the 50 EMA on the 4-hour chart, which is usually a bearish sign. On top of that, RSI is sitting in the oversold zone, and the MACD is turning negative — both signals that sellers are still in control.

The key level to watch here is $2.60. If XRP breaks below that, it could slide all the way down to $2.47 — that’s roughly an 11% drop from the current price.

If you’re trading XRP, it might be best to stay cautious for now. Look for signs of a reversal or stabilization before thinking about jumping in on a long position.

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