$ETH

The upward momentum of XRP is threatened: What traders need to know

XRP has recently experienced a significant price surge, reaching a seven-year high of $3.40. However, the cryptocurrency is now facing potential downward momentum as market analysts anticipate a possible correction. With various technical indicators pointing to a decline, traders are advised to remain cautious and monitor key support levels.

Key points

XRP peaked at $3.40 but has since dropped to around $3.14.

Analysts expect a potential price drop to $2.40.

Technical indicators show signs of weakening upward momentum.

Market speculation surrounding political developments may impact price volatility.