ℂ𝕣𝕪𝕡𝕥𝕠 ℚ𝕦𝕖𝕖𝕟 𝕄𝕦𝕤𝕒
06/14 12:27
 XRP struggles at critical support, and a furthe
- XRP struggles at critical support, and a further drop could push the price toward $1.79, signaling deeper issues.
- The once-possible bullish setup for XRP is growing less likely as pullbacks deepen and price continues to drop.
- Analysts warn that breaking the 2041 satoshi support could lead to further declines, with a possible drop to 1800 satoshi.
Over the last few weeks, XRP has been struggling as it attempts to test critical support levels. More Crypto Online stated that the June low continues to hold, although he noted that if XRP falls lower, a retracement back to a larger support area may occur. In the event of a decline, token might drop to $1.79, indicating more severe market problems.
The yellow 1-2 formation that was formerly a legitimate set up of a bullish move is now less probable. This pullback has been so deep that it is difficult to imagine that it will recover soon. More Crypto Online noted that, although the larger Wave 2 configuration remains valid, it is becoming less likely with every new low in price.
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