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XRP (XRP) has retraced nearly 63% from its multi-year high of $3.66 to trade at $1.36 on Wednesday, a technical setup that may have bearish implications for its price, according to a market analyst.
Key takeaways:
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XRP appeared bearish below $1.40, with chart technicals pointing to a further drop toward $0.70-$1.
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Persistent spot XRP ETFs inflows, whale accumulation and a surge in active addresses could invalidate the bearish outlook.
Where will XRP price bottom?
In a Tuesday post on X, Chart Nerd said that…
