Ripple $2‘s XRP ($2.41) has lost over 3% in value in the last 24 hours, dropping to the $2.40 level. Following a recovery on February 3, the altcoin is now stuck between critical support and resistance levels. This week’s upcoming inflation data is among the significant developments that could impact the XRP price. Specifically, today at 16:30 Turkish time, the U.S. Consumer Price Index (CPI) for January will be released, along with the U.S. Producer Price Index (PPI) data scheduled for Thursday, which XRP investors should monitor closely.
Key Support and Resistance Levels for XRP
XRP is currently testing a critical support level at $1.95. This level serves as an essential barrier preventing further price decline. If the price drops below this level, additional weakness may occur. The next support level is at $1.75, which is considered a risky area where bears could gain control.
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