🚨 $XRP /USDT Market Update‼️
We've seen a sharp drop and a break below the recent support zone. This move is likely a reaction to the recent PPI data, which can often cause short-term volatility in the market.
However, don't be alarmed! Despite the pullback, the overall outlook for XRP still favors the bulls. 🐂 As shown in the chart, this move appears to be a classic liquidity hunt, where the price drops to trigger stop-losses before a potential reversal. We're currently seeing strong support holding, with the price attempting to reclaim the previous support zone.
We expect to see some consolidation here before a potential recovery towards the upper levels of $3.20 to $3.30+. Keep a close watch on this key zone! 👀
Stay patient and trade wisely! 📈💰
