XRP Slides Below $1 as Analyst Sees Potential Decline to $0.70-$0.72

XRP has broken below $1 for the first time in about two years, causing concerns among investors that it may slide further. Edo Farina, a financial analyst, says this break has weakened another technical level at $1.05.

Farina argues that XRP's failure to quickly reclaim the $1.05 area leaves the market exposed to a potential decline towards $0.70-$0.72.

Despite this bearish view, Farina is optimistic about long-term prospects for XRP, suggesting that price differences between $0.70 and higher entry points may matter less over a roughly 24-month horizon.