Xrp is one of the biggest losers today, falling 6.22%. technical analysis suggests a potential continuation of the decline, breaking key support levels.
The analysis relies on technical indicators (support/resistance, chart patterns) across multiple timeframes (hourly, daily, weekly), which are standard. however, it's an opinion piece from a single source.
The hourly chart shows xrp testing local support at $2.4871, with a potential decline to $2.40. the daily chart indicates a continued downtrend after a false breakout of $2.6624, with targets around $2.40 and potentially $2.20-$2.30 if weekly closure is unfavorable.
The analysis covers immediate movements (hourly chart for tomorrow) and short-to-mid-term outlooks (daily and weekly charts for 'soon' and correction continuation).
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