XRP’s investor confidence has declined significantly as a result of a recent selloff, with major holders contributing to the pressure. Despite this, broader market recovery driven by Bitcoin may offer a lifeline for XRP’s price stability.
At present, XRP trades at 2.37 USD, with a critical support level at 2.38 USD. A breach below 2.27 USD could exacerbate selling pressures, increasing the likelihood of a drop to 2.12 USD.
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