XRP price drops 2% to $2.04, testing the key support level of $2.00, as market risk aversion sentiment generally increases. This correction aligns with the retreat from the near $2.40 high last week, following cautious remarks from Federal Reserve Chair Jerome Powell, which put pressure on risk assets. Bitcoin also retreated from above $92,000. Although institutional ETF demand for XRP remains, technical indicators such as RSI and MACD show weakening momentum, and a break below $2.00 could further decline to $1.80.
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XRP price drops 2% to $2.04, testing the key support level of $2.00, as market risk aversion sentiment generally increases. This correction aligns with the retreat from the near $2.40 high last week, following cautious remarks from Federal Reserve Chair Jerome Powell, which put pressure on risk assets. Bitcoin also retreated from above $92,000. Although institutional ETF demand for XRP remains, technical indicators such as RSI and MACD show weakening momentum, and a break below $2.00 could further decline to $1.80.