XRP Just Rebounded 70%: We Asked 3 AIs if Ripple’s Bear Market Is Over, But They Cautioned Us
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XRP lost multiple key support zones and dropped to $1.00, briefly dipping below $1 last week for the first time in 21 months, signaling a steep deterioration in token performance and increased market volatility. The sharp move, which caught some short sellers on the wrong side on Wednesday, raises downside risk for crypto investors and could pressure DeFi and CEX trading activity.
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What a time to be a part of the cryptocurrency markets. Unless, of course, you shorted the market on Wednesday. Then, you might have been caught on the wrong side.
XRP was a no-show for weeks (and months). The token lost multiple key support zones on its painful way down and eventually slumped to $1.00. It even dipped below that level on a couple of occasions last week for the first time in 21 months.
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