Foreign media: Watcher.Guru quotes a pseudo-analyst who argues that XRP has been weak in the recent past and that short-lines are still likely to fall back. According to the article, the XRP is close to the $1 level and market sentiment could be further weakened if it is sustained.
Support position tested repeatedly
The analyst posted a graph on X that XRP has returned to the critical 0.786 Fabonacci support area. According to the article, if this position is not maintained, the price may fall to the vicinity of $0.90 before further digging.
Target pointed at 0.87 dollars.
The next possible bottom of the text is $0.87. In the US$ 1.08 referred to in the text, this means a withdrawal of nearly 19 per cent. At the same time, it was noted that short-term funding might be more prudent if prices continued to decline.
Bitcoin came back to drag on the hill.
The article also mentioned that the overall encryption market was under pressure that day, and that bitcoin had fallen to the vicinity of $59,000 and then recovered to $61,000. XRP also continues to be weak as it usually follows the swing of bitcoin.