XRP has fallen 4.3% in the last 24 hours, once again falling below the crucial $2 support level as pressure intensifies across the market.
This breakdown could point to a bearish trend. XRP Price Predictionsuggesting that the bulls may be on the brink of capitulation.
Long-term settlements were added to the long-term settlement. $584 millionwhich shows how many traders were surprised by the latest drop.
The market had been finding support at this key psychological price level for days, but buying interest was weak and failed to spark a rally despite the bulls’ efforts to defend this area.
Trading volumes have also doubled in the last day, currently standing at $3.9 billion. This implies strong selling pressure after this bearish breakout.
Despite the decline, XRP-linked exchange-traded funds (ETFs) have attracted positive net inflows for 21 consecutive days, reflecting strong interest from institutional buyers and long-term holders in regulated markets.
XRP Price Prediction: A Drop Below $1.86 Could Result In Another 10% Drop
Heading to the charts, the 4-hour time frame shows that a break below the $2 level occurred yesterday with strong volumes.
This quickly triggered a stronger decline towards the next support area at $1.86.
The bulls are now trying to defend this mark as a move below could result in a drop to the token’s October 10 lows of $1.58. This translates into a 10% downside risk in the short term.
However, it is worth noting that the Relative Strength Index (RSI) has reached extreme oversold levels at 21.5 in this shorter time period. The last two times this happened, the price recovered slightly.
However, a break below $1.86 would mean that the market is ready to resume its downtrend.
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The post XRP Price Prediction: XRP Hits Weekly Low as Market Plunges – Is the Bear Market Officially Beginning? appeared for the first time in Criptonoticias.