XRP holders may have to deal with more price declines from the crypto token if this crypto analyst’s recent analysis is anything to go by. This bearish analysis comes amidst several other predictions that have painted bullish narratives for the crypto token. XRP Could Drop To As Low As $0.34 Crypto analyst Ali Martinez highlighted how a possible XRP sell-off could trigger a price decline to $0.34. As part of his analysis, he stated that XRP was currently “grappling” to maintain its footing at the crucial $0.55 support level. The token’s failure to hold that level will be what leads to the sell-off scenario. Source: X From the accompanying chart that Martinez shared, it was indeed evident that XRP was struggling to hold above the $0.55 level. A potential drop to $0.34 will see the crypto token drop to a price level that it hasn’t come close to since around April 2023. Crypto analyst Egrag Crypto also noted how critical the $0.55 level was, labeling it as a “significant support for XRP.” Related Reading: Trillion-Dollar Franklin Templeton Shares High Praise For Solan ..
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