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XRP Price Today: XRP Consolidates Near 2.20-2.30 After $2.16 Support Holds

The post XRP Price Today: XRP Consolidates Near 2. 20-2. 30 After $2. 16 Support Holds appeared com. XRP is showing signs of renewed strength as it navigates a critical support zone, hinting at a potential breakout that could reshape near-term market momentum. After a turbulent two-month period that saw the XRP price drop sharply from early-November highs near $3. 20, the token has stabilized between $2. 20 and $2. 30. This consolidation phase reflects a balance between buyers and sellers, suggesting that XRP may be preparing for a decisive move once key technical levels are tested. Analysts are closely watching the $2. 16 support and Fibonacci resistance zones to gauge the next directional shift. XRP Trades Within Defined Support and Resistance Zones XRP has recently stabilized between $2. 20 and $2. 30 following a volatile two-month period that saw the price decline from early-November highs. This consolidation phase reflects a balance between buying and selling pressure. XRP is consolidating between $2. 70 and $2. 80, likely maintaining this wave pattern until it breaks above the key Fibonacci 0. 61-0. 65 resistance. 20) to November 14 ($2. 16), the Fibonacci 0. 61-0. 65 retracement zone aligns near $2. 20-$2. 30, marking a technical area often watched by independent technical analysts for potential range resistance. Independent market observers note that sideways trading in such ranges typically indicates that market participants are waiting for new catalysts or macro developments before committing to a directional move. As such, price reactions within this band have remained muted, reflecting equilibrium in short-term supply and demand. Technical Breakout Observations On November 16, XRP briefly broke above a minor intraday resistance near $2. 28 on the 1-hour chart (CoinMarketCap aggregated exchange data), coinciding with increased trading volume of approximately $2 million during the 15-minute interval. This breakout represents the strongest intraday expansion since early November but remains within the broader consolidation phase. XRP is trading at.

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Bitcoin price drops below $90,500, its lowest level since April

The post Bitcoin price drops below $90,500, its lowest level since April appeared com. Key Takeaways Bitcoin’s price dropped below $90,500, breaking key support levels. Heavy selling by long-term holders and large ETF outflows are driving the decline. Bitcoin dropped below $90,500 for the first time since April amid heavy selling pressure from long-term holders and ETF outflows that weakened market momentum. Traders are showing signs of capitulation as fear, uncertainty, and doubt spread on social media during the ongoing price corrections. The decline comes despite Bitcoin successfully retesting previous resistance levels turned support during recent pullbacks, suggesting the sell-off pressure has intensified beyond technical support zones. Heavy selling from long-term holders and ETF outflows are contributing to the weakened market conditions, marking a shift from the typical accumulation patterns seen from these investor groups. Source:.