Will $2.35 Hold for XRP? Comeback Potential Uncertain

XRP price is currently hovering around its crucial support level at $2.35, facing both opportunity and potential setbacks. The cryptocurrency has recently experienced a surge of 6.75% on Monday, hitting the 50-day EMA at $2.55, but failed to maintain gains. This creates a critical point for XRP as it approaches this crucial support level. If it can hold, a comeback toward the $2.55 EMA becomes possible. If not, further declines may occur with lower supports, such as $1.96.