XRP Faces Major Shakeout: Will It Recover or Drop Further?

CryptoNewsLand

2025-02-03 21:09:46

Abstract generation in progress

XRP tested a critical support level after a steep price drop, showing market pressure

Recovery from this level could signal a strong rebound for XRP in the market

A failure to hold support might lead to a deeper correction and more volatility

In a surprising market movement, XRP experienced a dramatic shakeout, retracing sharply to test the monthly Kijun Sen level on the Ichimoku Cloud indicator. This event, highlighted in an analysis by Dr. Cat, showcases the token’s volatile nature

XRP-2,33%

MAJOR-4,33%

HOLD-3,48%

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