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BEARISH 📉 : XRP Risks 50% Correction If It Fails Key Support
XRP is currently trading between $1.40 and $1.45, attempting to maintain its local range lows. A market observer indicates a potential recovery if critical levels hold.
XRP At Critical Inflection Point
- Crypto analyst ChartNerd suggests XRP could be positioned for a major bullish shift.
- The cryptocurrency has experienced six months of decline with MACD and RSI at historical oversold levels.
- Key technical indicators include the 50-Month EMA, an eight-year resistance line, and a Fibonacci demand zone.
- The 200-week EMA is seen as a critical level, not tested since 2024.
- If XRP holds above the moving average, it may reach new all-time highs.

Analyst Warns Of New 50% Correction
- A bearish outlook warns of a significant drop if XRP loses the 200W EMA.
- If XRP closes below the 200W EMA around $1.41, it might descend to $0.70.
- Previous cycles show a 50% crash when failing to hold this critical level.
Currently, XRP trades at $1.39, experiencing a 3% daily decline.
