How Low Can XRP Price go After Falling Below $1.30?
Cointelegraph
XRP has dropped to 16-week lows, with technical indicators and negative sentiment suggesting a potential further decline toward $1 or lower.Summary
XRP recently fell to $1.26, marking its lowest price in over 16 weeks and breaching a critical support level at $1.30. Technical analysts point to a "bear pennant" pattern on the weekly chart that could signal further downside toward $0.63, while immediate support levels are identified at $1.27, $1.11, and the psychological $1 mark. Despite rising network activity, social sentiment has turned negative, and Net Unrealized Profit/Loss data indicates that a majority of investors are currently underwater, potentially leading to further market pressure.
(Source：Cointelegraph)