$XRP Drops 7.3% to $1.19: How Low Can the Price Go Next?
$XRP has slipped 7.3% over the past 24 hours to $1.19, breaking a key support range at $1.21–$1.22 amid a broader market sell-off triggered by US tech stocks. With technical markers warning of potential further downside, analysts are eyeing $1.10 (the 78.6% Fibonacci retracement) as the next major line of defense to keep the broader bullish setup intact, followed by the crucial August swing low near $1.00. On the flip side, former support at $1.21–$1.22 now acts as overhead resistance, with a recovery requiring a breakout above $1.35 and $1.65.
#XRP #Ripple #CryptoTrading #Binance #CryptoNews #TechnicalAnalysis
$XRP has slipped 7.3% over the past 24 hours to $1.19, breaking a key support range at $1.21–$1.22 amid a broader market sell-off triggered by US tech stocks. With technical markers warning of potential further downside, analysts are eyeing $1.10 (the 78.6% Fibonacci retracement) as the next major line of defense to keep the broader bullish setup intact, followed by the crucial August swing low near $1.00. On the flip side, former support at $1.21–$1.22 now acts as overhead resistance, with a recovery requiring a breakout above $1.35 and $1.65.
#XRP #Ripple #CryptoTrading #Binance #CryptoNews #TechnicalAnalysis
