#Xrp

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𝙓𝙍𝙋 𝙋𝙧𝙞𝙘𝙚 𝙁𝙖𝙘𝙚𝙨 $1.85 𝘿𝙧𝙤𝙥 𝙖𝙨 𝙒𝙝𝙖𝙡𝙚𝙨 𝙎𝙚𝙡𝙡 560𝙈 𝙏𝙤𝙠𝙚𝙣𝙨 𝙞𝙣 2 𝙒𝙚𝙚𝙠𝙨

XRP price has not recorded any significant changes in its value for months now, despite defending $2 support level. This poor performance has led to whales selling their tokens, with 560 million leaving these large wallets in the last two weeks, increasing the likelihood of a drop to $1.85. XRP is trading at $2.19 today, July 1, with a 0.75% gain and a 122% increase in daily trading volumes.

Ripple’s price could be facing a decline below $2 as it continues to trade within an ascending wedge for more than a week, which is a sign that the market is currently filled with more sellers than buyers. As the price continues with this performance, support has formed at $2.17, and if XRP price drops below it, it may crash.

This pattern has also appeared at the same time that a sell signal has formed on the four-hour timeframe chart. The MACD indicator created this signal after the line dropped below the signal line. If history repeats itself, this crossover may cause the price to drop below the support level and confirm the bearish outlook.

If this altcoin drops below the $2.16 price, it may trigger a 15% crash to $1.85. Hitting this level will not only free XRP from months of trading in consolidation, but it could trigger panic selling from the traders who were holding, anticipating that the price may rebound. Moreover, the fact that Ripple price has held above $2 for months could mean that most traders are opening sell orders at this level, and if it slips below it, a crash may happen.

To conclude, XRP appears to be facing a steep decline if it loses crucial support at $2.71. If this happens, the price of XRP may crash to $1.85, with such a dip being more likely to happen with the recent selling activity by whales.