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Ripple Price Forecast: XRP decline to $2.50 back in play as retail demand dims

From fxstreet.com

Ripple (XRP) remains subdued as the bears extend control below the $3.00 pivotal level on Friday. The international money remittance token exchanges hands above the $2.80 round-number support, down over 4% at the time of writing. XRP's decline can be attributed to several factors, including risk-off sentiment in the broader cryptocurrency market, suppressed interest in risk assets like cryptocurrency ahead of the Federal Reserve's (Fed) September interest rate decision, and a decline in on-chain activity. If bulls fail to regain control in the upcoming sessions, XRP could kick off September on the back foot. With ... (full story)

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  • Category: Technical Analysis