Is XRP About to Plunge? You Won’t Believe What Happens Next! 😱

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Oh dear, the crypto market is at it again, setting new local lows like it’s trying to win a gold medal in the “How Low Can You Go?” Olympics, according to CoinStats. 🥇

XRP/USD

So, guess what? The rate of XRP has taken a nosedive, down by a whopping 5.25% in just one day. I mean, who needs roller coasters when you have crypto? 🎢

Now, if we squint at the hourly chart, we can see XRP is flirting with a local support level of $2.0872. If it doesn’t bounce back by the end of the day, we might just witness a dramatic level breakout, followed by a plunge into the dreaded $2 zone. Cue the dramatic music! 🎶

Looking at the bigger picture (and trying not to cry), we should keep an eye on how the current candle closes compared to yesterday’s low. If it’s around the same and without a long wick (no one likes a long wick, right?), we could be in for a correction down to the $1.90-$2 range. Oh joy! 😩

From a midterm perspective, it’s a bit too early to make any wild predictions. XRP is still far from those key levels, like a lost tourist in a foreign city. But if it breaks through that psychological barrier of $2, we might just see a test of the $1.90 mark. Buckle up, folks! 🚀

As of now, XRP is trading at $2.1188. Let’s just hope it doesn’t decide to play hide and seek with our wallets! 💸

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2025-03-10 18:41