XRP Price on the Verge of Collapse! Caution Spreads in the Market, Support Level Faces Severe Test

XRP price has recently plummeted, now approaching the key support level of $2.10, causing investors to be anxious. Despite the gradual clarity of regulations after the SEC case, cautious sentiment in the market remains strong, and the price has failed to stabilize. Analysts warn that if XRP cannot hold this support level, it may decline further.

The drop in XRP is closely related to its weak on-chain activity. Senior executives at Ripple have not provided a clear response to price movements, but the market still holds a wait-and-see attitude towards its prospects. Past regulatory uncertainties have significantly impacted XRP's price, and although the resolution of the case has provided hope, the market's response remains relatively lukewarm.

If XRP falls below $2, analysts predict it may enter a "long-term distribution" phase, making the situation more complex. The key to recovery lies in the overall recovery of the cryptocurrency market, and whether XRP's future can rebound remains to be seen.