The Crypto Assets market has recently seen increased Fluctuation, and the performance of XRP prices is attracting attention. This digital asset recently fell below the $3 mark and is currently seeking support around $2.90. Market analysts point out that if long positions fail to quickly push the price back above $3.30, XRP may face further fall risks, with a potential decline reaching $2.60, and in extreme cases, it could even touch $2.



Market sentiment is clearly affected, with on-chain activity and market capitalization data showing signs of weakness. In addition, recent changes in trading volume also reflect an increase in selling pressure, providing opportunities for short positions to dominate short-term market trends. In short, if buying power is insufficient, XRP may continue to face downward pressure in the short term.

Investors should focus on the following key price levels:

1. Support level: $2.90 - This is an important position that long positions are currently trying to hold.
2. Resistance level: $3.30 - If it can stabilize at this level again, it may indicate that long positions are starting to return.

Overall, XRP is currently in a critical price range. Crypto Assets investors need to pay extra attention to risk management, closely follow the changes in support and resistance levels, and wait for clear signals of market direction. In the current environment of high fluctuation, it is recommended that investors remain cautious and avoid blindly chasing highs or bottom-fishing. Market participants should stay rational and make wise investment decisions based on their own risk tolerance.
XRP-1.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
ConsensusBotvip
· 1h ago
Beware of dumping and whipsaw. I bought the dip first.
View OriginalReply0
LiquidationTherapistvip
· 08-21 03:50
All in waiting to breakeven
View OriginalReply0
SchrödingersNodevip
· 08-21 03:31
All in All in continue All in
View OriginalReply0
MemeKingNFTvip
· 08-21 03:28
The wind and rain are coming, and this coin IQ has already broken three, I had anticipated this early.
View OriginalReply0
FomoAnxietyvip
· 08-21 03:25
It's the same old story, familiar suckers getting played.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)