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XRP Price Prediction: XRP on Cusp of 22% Selloff amid Macroeconomic Uncertainty Caused by US Tariff Hikes

After rebounding over 35% over the weekend, XRP price has dropped around 20% in the past two days to trade about $2.32 on Tuesday, during the mid-London session. The large-cap altcoin with a fully diluted valuation of about $242 billion and a 24-hour average trading volume of around $11.6 billion, has been forming a potential reversal pattern since early December 2024.

From a technical analysis standpoint, XRP price has been forming a potential head and shoulders (H&S) pattern, coupled with a bearish divergence of the Relative Strength Index (RSI). In case of further crypto selloff, XRP price will likely retest the support level around $1.69, which coincides with the daily 0.786 Fibonacci Extension.

https://www.coinspeaker.com/xrp-price-prediction-ripple-backed-xrp-22-selloff-macroeconomic-uncertainty/