XRP's Year-End Outlook Hinges on Key Support Level

XRP's price is facing significant selling pressure after failing to break above $1.52, a key level that has now become a critical support zone.

According to analyst ChartNerd, if XRP falls below this level, it could lead to further losses for the token by year-end.

The price of XRP is currently hovering around $1.48, having dipped 3.5% over the past day after reaching a high of $1.55 during this period.

ChartNerd believes that holding above the $1.46 support level would give buyers another opportunity to push higher, while breaking below it would signal further downside pressure.