#xrp has broken through support levels in succession, increasing pressure on any rebound!
XRP has fallen steadily from around $1.50 on October 7, reaching a low of $1.32. It rebounded to $1.38 early Friday, but the trend remains weak.
The previous support levels at $1.45, $1.40, and $1.37 have been breached one after another. These levels may now become resistance during a rebound. If the price cannot climb back above them, further losses remain a risk.
External markets are also looking unfavorable: Bitcoin has fallen below $83,000, Brent crude is above $104 a barrel, and U.S. Treasury yields remain elevated—all of which could dampen investors’ appetite for risk.
XRP has fallen steadily from around $1.50 on October 7, reaching a low of $1.32. It rebounded to $1.38 early Friday, but the trend remains weak.
The previous support levels at $1.45, $1.40, and $1.37 have been breached one after another. These levels may now become resistance during a rebound. If the price cannot climb back above them, further losses remain a risk.
External markets are also looking unfavorable: Bitcoin has fallen below $83,000, Brent crude is above $104 a barrel, and U.S. Treasury yields remain elevated—all of which could dampen investors’ appetite for risk.