Dixon Sees Major Bottom in XRP as Token Tests Key Support Zone

XRP has been struggling in recent times after losing half of its gain from $0.988 to $1.698, resulting in a correction of 20%. The token is currently testing a key support zone near $1.40.

Veteran analyst Matthew Dixon believes that XRP could be forming a major bottom, but notes that confirmation is still needed. He points out that the token's price shows signs of a possible bottom, which could potentially lead to further growth in the future.