Is XRP Price Headed for Another Crash?

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XRP price could avoid a potential crash to $1.61 but the bulls must first hold above the $2.00 psychological level to regain their footing.

XRPprice has recovered from its low of $1.94 reached on Feb. 28, but it’s still trading below a key resistance zone. Will XRP’s price drop further in the coming days?

XRP price must hold above $2.00

Today's drop in XRP price is part of a correction that began on March 3 that saw the relative strength index (RSI) fall sharply following XRP’s drop from $3.00.

XRP bulls are focused on defending the psychological support at $2.00.

This level has not been broken since Dec. 1. 

The RSI is below the middle line at 42, suggesting that the market conditions still favor the downside.


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