XRP Breaks $1.95 Support After 13 Months, Analyst Sees $0.90 Target

XRP has dropped below the crucial $1.95 mark, a key support level for the past year. Analyst Guy on the Earth noted that XRP closed under this level on the two-week chart, marking the first occurrence in 13 months and suggesting a potential decline to $0.90.

Key Points:

The $1.95 level is seen as critical support; its loss may lead to further declines.
Guy suggests a technical target of $0.90 if the breakdown continues.
For risk management, he advises selling positions if uncomfortable with the current trend, potentially buying back above $1.95.
Incremental buy zones are identified at $1.61, $1.42, and $0.90, with an initial breakout at $0.75 for long-term holders.
Some analysts disagree on the significance of the timeframe used for analysis.
Current liquidity conditions suggest caution, with low market activity expected to continue.

At the time of reporting, XRP is priced at $1.89.

XRP price chart