XRP Price News: Token could fall to 80 cents if current levels don't hold
CoinDesk
XRP broke below key support near $1.93, risking a significant drop toward $0.80 if the $1.77 level fails.Summary
XRP has weakened after failing repeatedly to sustain price action near $1.95, breaking down from a multi-day consolidation phase below the $1.93 support zone on increased volume, confirming seller control. Analysts note XRP has been vulnerable since losing the $2.00 level, with rebounds lacking traction. Technically, the breakdown through $1.93 has flipped that area into resistance, and momentum indicators are declining. The critical downside risk is a loss of support at $1.77, which on-chain data suggests could expose a much thinner demand zone leading down to major support around $0.80. For a recovery, XRP must quickly reclaim $1.93 on rising volume to neutralize the current bearish setup.
(Source：CoinDesk)