📉 XRP Analysis: Bearish Pressure Intensifies
After being rejected at $2.30, the price of XRP has retraced sharply and is now struggling to hold above the key support level of $2.00. If buyers cannot defend this area, a drop towards $1.55 could be on the horizon.
📊 In its pair with BTC, XRP also shows weakness: it is hovering around 2,100 SAT and faces the risk of falling to its fair value zone between 1,600–1,900 SAT.
🧠 The technical outlook is not encouraging for now. Moving averages are being pressured by the bearish action, and bulls have little margin for error.
🔍 Buying opportunity or warning signal? It will all depend on market behavior in the coming sessions.
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