Yesterday, the market was in a sideways consolidation, and the price of XRP was once strong, reaching around $3.15. However, perhaps due to Trump's latest remarks on the war between Ukraine and Russia, the market situation changed this morning, and Ripple followed other tokens in a painful decline.
In just a few hours, the asset fell to its lowest point in 11 days at $2.97 (on Bitstamp). Thus, it briefly fell below the coveted $3.00 support level, but as of the time of writing, it has rebounded slightly above that level.
According to Ali Martinez, a well-known cryptocurrency analyst with over 150,000 followers on platform X, XRP has further deviated from its key resistance level. He believes that $3.30 is crucial for determining the future price trend of this asset; if it cannot reclaim this resistance level, the price may drop to $2.6 or even $2.
Previously, Martinez had listed $2.81 as a key support level for XRP and stated that XRP needs to remain above this level to maintain a bullish structure.
Currently, Ripple's token is basically in the middle of these two targets, but due to the political leaders of several European countries, including Ukraine, meeting with Trump to discuss a potential end to the war with Russia, more volatility is expected today.
