Crypto
$XRP Taps Key Psychological Support Level Without Bounce
XRP has tapped its first psychological support level of $1.0 in over 600 days, but the chart has shown little to no bounce.
The level was previously discussed as a key indicator for XRP's direction, with $1.110 being the line above which XRP is considered bullish and below which it is bearish.
KuCoin notes that the air under XRP may still be thin, suggesting that prices could continue to drop. The company has stated that they do not necessarily reflect the views or opinions of KuCoin, and this content should not be construed as financial or investment advice.