Summary
- XRP (XRP) reportedly plunged more than 7% over 24 hours, consecutively breaching major support levels.
- It stated that XRP price failed to recover 2.31 dollars and is forming a box range at 2.30~2.32 dollars.
- The outlet diagnosed that recovering 2.36 dollars is key for a rebound, and that if 2.29 dollars is breached, it could fall to 2.00~2.20 dollars.
XRP (XRP) plunged more than 7% in a day, consecutively breaking below major support zones.
On the 15th (local time), according to CoinDesk, XRP slid from 2.48 dollars to 2.30 dollars over the past 24 hours, falling 7.3%. In the process, key support levels of 2.46 dollars, 2.40 dollars, and 2.36 dollars were all breached.
The outlet analyzed, "XRP price failed to recover 2.31 dollars and is forming a narrow box range at 2.30~2.32 dollars. Technical indicators point to a structural shift to weakness." It added, "Maintaining support at 2.29 dollars is key, and if it breaks, it could quickly fall to 2.00~2.20 dollars," and diagnosed, "To shift to a rebound, it must clearly recover 2.36 dollars."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
