#PriceTrendAnalysis USD.

This decline is attributed to several factors, most notably recent political developments, such as the announcement of a new cryptocurrency by Argentine President Javier Milei that raised concerns about the possibility of it being a scam, which led to a decline in investor confidence in the cryptocurrency market.

Technically, the price of XRP is facing resistance at the $2.50 level, with strong support at $2.36. The Relative Strength Index (RSI) is showing a neutral reading at 52, indicating a balance between buying and selling forces.

Looking ahead, some analysts expect the price of XRP to reach $3.35 in the near term, especially if the currency manages to break through the current resistance levels. However, these expectations depend on several factors, including regulatory developments and institutional adoption of the currency.

Investors are advised to monitor global political and economic developments, as well as technical and regulatory developments in the cryptocurrency market, as these factors can significantly affect future price movements.