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The price of XRP has fallen by 4% over the past week, with trading volume rising by 171% when the price of the token fell below the important support level at $1.90.
The surge in activity reflects growing uncertainty, adding to the uncertainty over XRP prices that has been dominating recent sentiment.
The downward pressure is increasing after Donald Trump threatened to impose 100% tariffs on Canadian goods if the country makes a trade deal with China.
Although the price of XRP rose slightly from $1.80 per share in Asia, the volatility of the market still had a significant impact on prices.
The Fear and Greed Index shows that sentiment has deteriorated over the past two weeks with the key measure falling sharply from a reading of 54 on January 14 to 29 at the time of writing.
Traders are now wondering if the price of XRP will go to zero, so it’s time to look at the charts.
XRP price prediction: 11% downside risk if this happens
XRP is retesting the key resistance level at $1.90. This is the last low within a bearish structure, meaning that an upward move will confirm a reversal.
If the price refuses to move above this level, it can quickly fall to $ 1.80 and increase the risk of moving to lower levels.
In this case, the main goal, which has not been touched in months, would be the area of $1.60.
Therefore, although a move to zero is highly unlikely, the current trend favors a bearish look.
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A note XRP Price Forecast: XRP is falling fast – is this the beginning of a complete fall to zero? appeared for the first time Cryptonews Arabic.
