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Crypto

XRP's Volatile Reversal Leaves Token Below Key Support Level

Guavy AI Editorial Team
Instruments
XRP
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XRP's recent price surge has come to an abrupt end after reaching a multi-month peak at $1.70, losing crucial support levels along the way.

The token had broken out of its key psychological support at $1.00 on August 19 and surged within 72 hours to reach its peak, only to be met with violent rejection.

Some on-chain data suggests that more pain may be ahead for XRP holders, as the token now sits below the $1.40 support level.

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