XRP Price Could Dip to $2.20: Analyst Identifies Key Support Levels

A new analysis predicts the XRP price may decline to as low as $2.20, with key support levels identified by technical indicators. Elliott Wave and Fibonacci retracement analysis suggests a potential correction followed by a rebound. Analysts highlight SEC delays and Ripple litigation as factors impacting market sentiment. The XRP price is currently under pressure, with analysts expecting the price to test around the $2.20-$2.50 range before any new rallies. Technical signals suggest a potential bounce if this support holds, while academic research further supports these expectations.