XRP Risks Fall To $1.55 If This Support Level Fails – Analyst
XRP prices have decreased by 4.08% in one day, influenced by the US's potential 50% tariff on EU imports. Following a peak of $2.45, XRP fell to $2.33, with analysts warning of a possible decline if it breaks below the $2.25 - $2.26 support level. This level is significant, aligning with the Fibonacci retracement level 0.382, which has been crucial over the past six months. A drop below this support could lead XRP to prices between $1.55 and $1.90, erasing gains since April. Conversely, if the support holds, XRP could rally to around $2.70 and potentially reach its previous peak of $3.84. Currently, XRP trades at $2.33, down 1.45% weekly but up 9.77% monthly. XRP has a market cap of $233.58 billion, making it the fourth largest cryptocurrency. Additionally, Volatility shares launched an XRP futures ETF on May 22, tracking daily performance without leverage.
