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The price of XRP will not drop below $2, and here's why

Cryptocurrency prices fell today due to rising tensions in the Middle East. XRP dropped to $2.16, while Cardano (ADA) and Solana (SOL) fell more than 1%. Ethereum (ETH) also decreased by 0.7%, giving up its recent gains. XRP is trading around $2.159, down 0.3% today, after failing to hold the resistance zone at $2.30. After a run to $2.35, sellers regained control, pushing the price back toward $2.11. Earlier, XRP rose above $2.40, exciting traders and raising hopes of a breakout. But the rally was short-lived. The price fell back near $2.15, turning what seemed like a bullish breakout into a false one. The brief surge was driven by whales, hopes of an SEC settlement, and strong sentiment, but the momentum soon faded. XRP is stuck in a tight range; will it revisit the lower levels? Now, XRP is trapped in a narrow range between $2.00 and $2.50. Analysts say that a breakout above $2.50 could target $3.50, but if the price falls, it could drop to $1.85 or even lower. Technical indicators like MACD show selling pressure. XRP is forming a symmetrical triangle, which often precedes a significant move, either up or down. To regain momentum, XRP must reclaim $2.206 and break through the resistance between $2.18 - $2.21. #PowellRemarks #BombieBinanceTGE #DAOBaseAIBinanceTGE $XRP $BTC