XRP’s price is around 2.14 USD while short-term support stands at 2.09 USD. The XRP/BTC pair has seen a substantial decline of 42% since January, showing bearish market behavior driven by uncertainties.
Despite the current bearish outlook, technical analysis highlights a falling wedge pattern, suggesting a possibility of a bullish reversal. Traders may anticipate movement towards the upper trendline with substantial trading volume confirming any potential breakout.
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