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XRP Price Faces Violent Decline as Clarity Act Delay Adds Bearish Pressure

Guavy AI Editorial Team
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XRP's price has taken a hit in the ongoing market correction, falling around 5% today to trade at $1.05.

The broader crypto market is in the red, with Bitcoin below $64,000 and Ethereum under $1,900.

CasiTrades, a popular XRP price predictor, has weighed in on the current situation, stating that 'The Purple Scenario Continues' and warning of a strong rejection if there's any bounce.

The subwaves are developing as expected, pointing toward macro support at $0.87.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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