📉 Current Situation
Price: $2.1904
Daily Drop: -4.53%
This indicates selling pressure over the last 24 hours, possibly due to a general market correction or temporary negative news.
🔍 Simplified Technical Analysis (without charts):
✅ Support and Resistance:
Potential Strong Support: $2.00 — If the price drops below this level, we may see further declines.
Short-term Resistance: $2.30 – $2.40 — If surpassed, a rapid recovery may begin.
📊 Market Trend:
The market is currently in a short-term downtrend.
If reversal candles (such as a hammer or engulfing candle) appear on the daily timeframe, it may signal an upcoming bounce.
🔮 Future Predictions for XRP (2024 - 2025):
Positive Scenario:
If the legal case with the SEC is ultimately resolved in favor of Ripple, it may:
Reach a price of $3 - $5 within months.
Or more if adopted widely by new banks.
Negative Scenario:
Continued legal issues or a general downturn in the crypto market could push the price to:
$1.50 – $1.80 as the next support areas.
⚠️ Important Tips:
1. Monitor legal news regarding Ripple.
2. Follow Bitcoin's movement as it impacts the entire market.
3. Do not invest your entire capital at once – use a dollar-cost averaging approach.