๐จ $XRP Correction Not Over Yet โ Eyes on New Low Targets! ๐จ
$XRP dipped to $2.16, down over 8% last week, and technical signals suggest the sell-off could continue. ๐
๐ Analyst Master Ananda highlights:
XRP broke below its rising channel since April โ signaling short-term bearish pressure.
Next key support zones: $1.60 to $1.85, with the critical Fibonacci level at $2.035.
If $2.035 breaks, we could see deeper drops toward $1.80 or even $1.61.
โ ๏ธ Three straight red days and weaker market momentum mean caution is needed โ but the bearish volume remains low, hinting the sell-off might lack conviction.
๐ก Long-term outlook remains bullish:
Traders eye resistance at $2.70 and $3.40, hoping for a future rebound fueled by SEC vs Ripple developments and potential XRP spot ETF approval.
๐ Market forces and macro conditions, including Fed policies and liquidations, keep the pressure on โ but $XRP holders stay hopeful for the next big move.
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๐ฌ Stay informed. Watch those levels.
is in a crucial phase โ patience and strategy are key.
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