Greetings, crypto community! I want to share my observations and analysis of the situation with #XRP , which, in my opinion, is currently at a critical point.
Technical indicators suggest a possibility of a significant price drop of #XRP . On Monday, we saw the XRP/USD pair break an important support level at $2.20, which opens the way for a potential decline to $1.15 – and that's, mind you, a 50% drop from the current price.
It is worth noting that the sentiment of holders of #XRP has noticeably worsened after Donald Trump's decree, which excluded #XRP from the list of assets that can be used to replenish the US government's crypto reserve. This has undoubtedly put pressure on the price.
In the context of instability regarding the dollar, investor attention has shifted to the South Korean market. Here we see a slight increase of 1.8% against the won, but this is only temporary relief. Data from CryptoQuant shows an outflow of #XRP from the Upbit exchange, which may indicate a decrease in selling pressure in Asia, but one should not get carried away.
Currently, #XRP is testing a micro-support level at $2.17. If this level does not hold, we could see further declines to $1.94, and then to the $1.80–$1.40 zone. However, if it holds above $2.17, a rise to $3.18, $3.58, and $3.85 is possible.