XRP Price News: Ripple Falls 6%, Watch This Price Level For Further Breakdown
CoinDesk
XRP traded in a tight range, gaining slightly to $2.34 while underperforming the market, with traders watching the $2.54 resistance level.Summary
XRP experienced a modest 2.75% gain to $2.34, underperforming the broader crypto market amid subdued trading volumes, suggesting cautious accumulation rather than strong conviction. The token faced resistance at $2.44 and established $2.33 as a support base following intraday volatility. Technically, XRP is consolidating within a descending triangle pattern, with market structure showing range compression. The critical pivot zone for a potential breakout confirmation is $2.54; a sustained close above this level could target $2.80–$3.00, while failure to hold the $2.30 support risks a downside move toward $2.25–$2.02. Elevated market volatility is expected to continue.
(Source：CoinDesk)