XRP GOODBYE TO $2?

XRP's price is struggling to stay above the $2 mark, and analysts are warning that it may drop below this crucial threshold. As of now, XRP is trading at around $2.08, down 3.58% in the last 24 hours .

The charts suggest that a breach of the $2 support level could happen sooner than expected, with the 200 EMA (Exponential Moving Average) at $1.94 being the last line of defense for XRP .

If XRP breaks below $2 and fails to maintain the 200 EMA, it could lead to a decline towards the $1.85-$1.80 range, which was tested in early November 2024 .

This could trigger a panic sell-off, causing long positions to unwind and accelerating the decline.

However, it's worth noting that Ripple has recently secured major wins in its battle with the SEC, which could potentially boost XRP's price in the long run .

Nevertheless, the current market sentiment and technical indicators suggest that XRP's hold on the $2 mark is tenuous at best.#Ripple #Ripple💰 $XRP