#CryptoScamSurge (XRP) falls in value by 3.24%, reaching a price of $2.987.
This decline is attributed to several factors, including recent political developments, such as the announcement by Argentine President Javier Milei regarding a new cryptocurrency token that has raised concerns about the possibility of it being a scam, leading to a decrease in investor confidence in the cryptocurrency market.
From a technical perspective, the price of XRP faces resistance at $2.50, with strong support at $2.36. The Relative Strength Index (RSI) shows a neutral reading at 52, indicating a balance between buying and selling pressures.
Looking ahead, some analyses predict that the price of XRP could reach $3.35 in the near future, especially if the currency manages to break through current resistance levels. However, these forecasts depend on several factors, including