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Recently, the Crypto Assets market has been turbulent, and the price movement of XRP has become the focus of investors. Yesterday, XRP performed relatively strong, briefly reaching a high of $3.15. However, this morning the market direction changed abruptly, and XRP, along with other digital assets, faced a significant fall.
In just a few hours, the price of XRP fell to $2.97, hitting a new low in 11 days. Although there was a slight rebound afterward, the support at the $3 mark has been severely tested. This sudden turn may be closely related to the international political situation, particularly the latest developments regarding the Ukraine and Russia conflict.
Renowned Crypto Assets analyst Ali Martinez shared his insights on the future price movement of XRP. He pointed out that $3.30 is a key resistance level, and if XRP is unable to break through this level, it may face further fall risks, potentially dropping to $2.60 or $2.00. Martinez also emphasized that $2.81 is an important support level to maintain the bullish structure of XRP.
Currently, the XRP price is hovering between these two key levels, and the market direction remains unclear. It is worth noting that as leaders from multiple European countries plan to discuss the Russia issue, geopolitical factors may further influence the Crypto Assets market.
In this complex market environment, investors should closely follow the developments in the global political and economic situation while cautiously assessing the technical indicators and market sentiment of XRP. In the coming days, the price of XRP may experience larger fluctuations, and investment decisions need to be made with greater prudence.