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<ul class="news-points"> 
 <li>XRP recorded a 0.22% loss over the past 24 hours to trade at $0.4997 at press time.</li> 
 <li>The altcoin’s latest price drop led to the formation of a breakout chart pattern on XRP’s daily chart.</li> 
 <li>Should bulls identify XRP’s current price as a buying opportunity, the altcoin’s price could rise to as high as $0.5635 soon.</li> 
</ul> 
Ripple (XRP) recorded a 0.22% drop in its price over the past 24 hours, according to CoinMarketCap. Subsequently, <a href="https://coinedition.com/ripple-xrp-price-prediction/">XRP’s price</a> stood at $0.4997 at press time. Most notably, this latest drop in price added to the negative weekly streak recorded by XRP, which also dragged its price to a key support level that may be identified as a good buy opportunity. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="1835" height="893" src="https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6.png" alt="" class="wp-image-339059" srcset="https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6.png 1835w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-300x146.png 300w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-1024x498.png 1024w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-380x185.png 380w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-768x374.png 768w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-1536x747.png 1536w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-159x77.png 159w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-795x387.png 795w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-440x214.png 440w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-414x201.png 414w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-326x159.png 326w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-377x183.png 377w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-123x60.png 123w, https://coinedition.com/wp-content/uploads/2023/09/XRP-1-6-129x63.png 129w" sizes="(max-width: 1835px) 100vw, 1835px">
 <figcaption class="wp-element-caption">
 Daily chart for XRP/USDT (Source: <a href="https://www.tradingview.com/x/ra3xr19X/" target="_blank" rel="nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
A symmetrical triangle had formed on XRP’s daily chart over the past 2-3 weeks. This specific chart pattern suggests that the altcoin’s price may breakout soon. Meanwhile, the remittance token was trading slightly above the significant support level at $0.4820 at press time. 
Consequently, a break below this support level could suggest that a bearish breakout will ensue. As a result, XRP’s price could fall to the next crucial mark at $0.412…
The post <a rel="nofollow" href="https://coinedition.com/xrp-drops-to-levels-that-may-ignite-an-accumulation-wave/">XRP Drops to Levels That May Ignite an Accumulation Wave</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

XRP Drops to Levels That May Ignite an Accumulation Wave

Coin Edition

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