XRP’s Price Drops Below Key Support, Signaling Potential Further Losses

The cryptocurrency XRP has experienced a decline below its critical support level of $3.40, leading to a further drop in price and prompting a halt at the $2.50 mark. This sudden shift reflects the rapid change in market sentiment, particularly after being rejected at a key resistance area. 👨‍🏫 Analyst Michael van de Poppe believes this rejection points towards further losses in the short term.