Ripple’s XRP has fallen sharply, reaching a low of $2.66 after being priced at $3.15, amounting to a 15% drop in a single day. The Bollinger Bands on XRP’s daily chart indicate that a significant price move might be imminent.
Analysts suggest support levels between $2.3 and $2.5, while resistance is noted at $2.9. Despite these challenges, long-term predictions remain bullish, with expectations of a recovery for XRP after the recent correction.
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