XRP Price Could Drop 20% to $1.55 If $2.01 Fails to Hold
XRP is at a critical support level of $2.01, showing potential for a rebound or a risk of a further 20% decline. Key points include:
- XRP dropped from $2.13 to a low of $1.92 before recovering slightly to $2.01.
- The $2.01 level aligns with a significant 0.618 Fibonacci support level.
- A bullish divergence is visible on the 15-minute and 1-hour Relative Strength Index (RSI), but confirmations are needed on higher timeframes.
- If XRP fails to maintain above $2.01, it may drop to support levels at $1.90 and $1.55, representing potential declines of 23%.
- The recent price drop coincided with geopolitical tensions, specifically US actions in Iran, contributing to market volatility.
- As of now, XRP is trading at $2.01, down 2.6% over the past 24 hours.
