XRP Price Drop as US Airstrikes Dey Happen, Bears Dey Eye to Test $2.00
XRP price don move from strong bounce pass $2.04 come enter renewed bearish pressure after US take airstrike for Iran Fordow, Natanz and Esfahan nuclear sites. For last one month, XRP don fall 14.6% from $2.47 go $2.07 because geopolitical tension raise. Trading volume pass $3 billion, day low reach close to $2.00 psychological level. Technically, XRP still dey under descending trendline from $2.30 high and e dey try regain 50-period EMA at $2.13. Resistance for $2.0870–$2.1170 hold after bearish retest, MACD still negative no sign of bullish divergence. Short traders dey eye $2.0186 and $1.9852 with stop-loss above $2.12. Main reason na increasing tension between US, Iran and Israel, market dey shift away from speculative crypto, plus no institution dey buy. Traders make dem dey watch geopolitical news and $2.00 support level well in case e breakdown or relief bounce happen.
Bearish
Di kombain ripot dem dey show say bearish pressure dey grow for XRP. For short term, US airstrikes trigger panic selling plus e break key support levels, while high trading volume mean sellers dey strong for their mind. Technical indicator dem – negative MACD, no fit reclaim 50-period EMA, plus descending trendline – dey support the downtrend. For long term, persistent geopolitical risk, market dey rotate out of speculative assets, and no institutional buying go likely keep prices low and test the $2.00 level or below.