XRP’s correction ‘not over’; Here’s the new low target to watch
A trading expert is warning that XRP may face further losses, likely falling below $2, as technical indicators suggest the ongoing correction could persist. As of press time, XRP was trading at $2.16, down 1.56% in the past 24 hours and over 8% in the past week. XRP seven-day price chart. Source: Finbold XRP’s bearishness is likely to continue In a May 30 TradingView post, analyst Master Ananda noted that XRP is showing renewed signs of weakness. The deepening bearish trend suggests the correction phase may not be over. XRP price analysis chart. Source: TradingView The downward movement accelerated on May 12. Since then, XRP has come under increasing pressure, breaking below the rising green channel it had followed since early April, effectively ending the short-term bullish rebound triggered when the asset breached the $1 resistance. A key technical shift was the breakdown from this ascending channel, marked by a transition from higher hi...
