
XRP Drops 26% in a Month: Could $0.60 Be Next?
Summary
Digital asset XRP has extended its monthly losses to over twenty-five percent following a retreat to the one-dollar level. According to market analysis, the cryptocurrency experienced a rejection at a key resistance point and reversed toward the lower boundary of its trading channel. Observers are now monitoring whether the current price floor will successfully hold against further downward movement.
XRP (CRYPTO: XRP) has extended its monthly decline to 25.5% after a drop to $1. Crypto chart analyst Ali Martinez highlighted XRP’s rejection at the $1.55 resistance level, which marked the upper boundary of its trading channel. It has since reversed toward the channel’s lower boundary near $0.99, erasing its earlier gains. "Now, $0.99 must hold," Martinez warned. He said…
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