To Ripple enthusiasts $XRP
XRP is currently trading at $2.12, after touching a 24-hour high of $2.30.
Sellers are entering strongly on the decline, pushing the price down, and eyes are now on the critical support level at $2.10.
If this level is broken, the trend may shift to further declines in the short term.
Currently, the price is heading down without any bullish confirmation so far - the momentum is in favor of the sellers.
■Key levels to watch:
•Support:
$2.10 - this is the breaking point. If broken, the next downside targets will be $2.05 and $1.98
•Resistance: $2.22 - traders should watch for the rise to reclaim this level to shift the momentum in their favor. Keep a close eye on the market.
If $2.10 is broken, expect more downward pressure. Wait for strong confirmation before taking any action, and always trade with caution.