The leading altcoin XRP ($2.59) is currently trading below $2.60, experiencing a decline of over 2% in the last 24 hours. Over the past week, XRP has lost more than 8% of its value, effectively erasing all recent gains. Experts believe that if the current support levels hold, there could be potential for recovery and the initiation of a new upward trend.
Market observers are discussing the possibility that the downward trend of XRP’s price may be nearing its end. Although the market witnessed a brief recovery after the sharp decline on February 3, the price has since slipped again. If this correction is indeed complete, XRP could be poised for a rise.
XRP Price Commentary, AnalysisIn this scenario, the price could potentially rise to $3.40. However, for this to occur, it must not fall below the critical level of $2.47 or the support area of $2.52. A drop below either of these levels would invalidate the bullish expectations, highlighting these price points as crucial thresholds determining XRP’s future direction.
XRP Price Analysis: Could the Downtrend Deepen?
Alternatively, XRP may c…
