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Zag that XRP is under pressure. The coin dropped from $1.91 to around $1.80 when Bitcoin declined - a typical risk-off sell-off where everything volatile gets hit immediately. The thing is, when XRP dipped below $1.87 with significant volume, all the gains from last week suddenly disappeared. Such sharp moves always cause a ripple effect throughout the entire market.
Traders are now mainly watching $1.80 as the critical point. As long as this level holds, buyers might try a comeback. But for a real recovery, we need to see a return to $1.87-$1.90 – otherwise, it risks going deeper to $1.73. Currently, it’s mostly technical levels that matter, not so much news. Bitcoin sets the direction, and XRP just follows along.
The funny thing is that the previous rally happened on thin volumes, so XRP was quite vulnerable when sentiment turned. Now everyone is waiting: does $1.80 hold or not? That’s the question for the coming hours.