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Ripple Price Forecast: XRP risks sliding below $2.00 amid slowing institutional, retail demand

From fxstreet.com

Ripple (XRP) is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking. Sellers have since taken control, with the cross-border payments token attempting to stabilize just above the psychological $2.00 handle. The broader crypto outlook has also deteriorated, with Bitcoin (BTC) briefly sliding below $90,000. Market sentiment has also flipped decisively into fear, with the Crypto Fear & Greed Index by Alternative ... (full story)

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  • Category: Technical Analysis