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XRP Technical Analysis: $2 Support Level at Critical Juncture
Source: CryptoNewsNet Original Title: XRP, Bitcoin On The Edge; Will Santa Abandon Nasdaq? Original Link: https://cryptonews.net/news/bitcoin/32076039/ Payments-focused cryptocurrency XRP has taken a hit this week, falling more than 6% to $2, a level that has become a make-or-break line for the token.
Since last December, this level has emerged as a bear fatigue zone, a spot where the selling pressure tends to ease up, as indicated by the lower wicks on several weekly candles.
The takeaway: if and when the $2 support gives way, disappointed holders may run for the exit, causing an extended price slide.