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XRP has recently made some moves again—its price has directly fallen below the key psychological level of $2.
From the 24-hour trend, this asset has been continuously declining, and the selling pressure in the market has clearly increased. You can feel that the previously bullish sentiment is gradually dissipating, and confidence is a bit lacking.
From a technical perspective, it is indeed in a weakening stage. The $2 level was originally an important support point, but now that it has been broken, a short-term rebound will be more difficult. Investors might be observing whether the price will continue to test lower levels.
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Another round of decline drama, already tired of it long ago
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Breakthroughs are just breakthroughs, anyway we're used to it haha
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If the support is gone, it's gone, do we still have to fall further?
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Such strong selling pressure, feels like there's still room to dip
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Just a false hope, confidence has been knocked back
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Let's see if it can stop the bleeding later, or will there be another 50% cut?
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With such weak technicals, who still dares to buy the dip
Looking at this trend, it probably will continue to go down, no point in expecting a rebound.
XRP really is a bit exhausting, it's always like this.
After breaking the support level, investors are just gambling on whether it can stabilize, but who really knows...
We need to wait and see how far it can drop, don't rush to buy the dip just yet.
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Damn it, once support breaks, it never ends. Who dares to buy the dip now?
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Feeling like it might drop to 1.8. Don’t ask me how I know, the technicals are a mess.
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That’s why I only dare to leave it alone. Chasing highs is a game for fools.
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XRP has given me another lesson. The $2 support line just collapsed? Market sentiment is really fragile.
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With such strong selling pressure, a rebound is really difficult. Better wait a bit longer.
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What’s this, starting to tell stories again? Breaking support means things will get even worse.
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No way, dropping continuously, this pace feels really fierce.
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Better to stay on the sidelines. No one can pinpoint the bottom, no rush for now.