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And lo and behold, those moving averages are looming just above the current price – teasing, but not quite intervening. The price hasn’t yet fallen below this zone, but you can feel the pressure mounting. Will the bulls defend this level, or is it time to call it a day?
Now, let’s talk about the big question: If $2.20 doesn’t hold up, XRP could be on its way to a visit to $2 or $1.85 – delightful, isn’t it? The land where long-term buyers once ventured and are probably pacing nervously now. But for now, the bullish sentiment hasn’t been entirely eradicated, even though the death cross is waving its bloody flag. This could all change quickly, unless of course, we get a heroic reversal. Spoiler alert: don’t hold your breath.
In all likelihood, if XRP hopes to mount a recovery and make us all forget this minor meltdown, it will need to claw its way back to the $2.40-$2.50 range. Otherwise, we’re all just waiting for the next fall. Best of luck with that, XRP.
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2025-05-19 18:17