Two Critical Levels to Watch for XRP Following the 8% Crash (Ripple Price Analysis)

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Two Critical Levels to Watch for XRP Following the 8% Crash (Ripple Price Analysis)
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Ripple has extended its recent period of consolidation, with the price witnessing an 8% decline towards the critical support level of $0.6. However, Ripple’s price is expected to receive support, with a modest rebound towards the $0.7 threshold anticipated.

However, the price recently underwent an 8% drop, finding itself at the critical support level of $0.6. This aligns with the dynamic support provided by the upper trendline of the multi-month triangle pattern. Consequently, given the potential for demand to emerge near this key level, a reversal is anticipated.

Nonetheless, XRP seems more likely to continue fluctuating within the substantial support region of $0.6 and the notable resistance level of $0.67, hinting at the likelihood of prolonged consolidation until a breakout materializes.

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