Are we on the verge of welcoming the XRP currency at the doorstep of 3000 dollars once again?
Where does XRP stand now?
Currently, the price of XRP is around 2.80 dollars, which is a critical support level. This level represents a key turning point that will determine the next direction of the currency.
🟢#Bullish_Scenario:
If the price maintains the 2.80 dollar support level, the path will be paved for a breakout at 2.90 dollars, then heading towards 3.20 dollars and possibly 3.50 dollars in the coming weeks.
#Why?
Because the anticipated Federal Reserve decision to lower interest rates may inject significant liquidity into the market, boosting the chances of a strong rise in cryptocurrencies, including XRP.
🔴#Bearish_Scenario:
If the price loses the 2.80 dollar support, it may see a decline towards 2.60 dollars or even 2.30 dollars. Here lies the importance of risk management and placing stop-loss orders proactively.
