#ETHProspects

XRP’s Bullish Momentum Under Threat: What Traders Need to Know

XRP has recently seen a significant price surge, hitting a seven-year high of $3.40. However, the cryptocurrency is now facing potential bearish 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 declined to around $3.14.

Analysts are predicting a potential price drop to $2.40.

Technical indicators are showing signs of weakening bullish momentum.

Market speculation surrounding political developments could impact price volatility.