XRP Price Analysis: Dec 1st – Drop Looms as Support Holds

The cryptocurrency market experienced a decline on the first day of December, according to CoinStats. XRP’s price dropped by 7.62% in the last 24 hours, reaching a level near its local support at $2 on the hourly chart. If this support is broken, further declines are anticipated, potentially reaching as low as the $1.95 area tomorrow. On longer timeframes, XRP has been declining after exceeding the $2.1482 threshold. Traders should keep an eye on the daily bar’s close for any potential dips.