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XRP price fell early Monday morning, breaking through the $2.00 mark and hitting $1.84, its lowest level since the beginning of the year, as the digital currency market fell broadly, before partially recovering to near $1.97.
The decline represents a drop of more than 23% from the peak of $2.41 set on January 6.
The main pressure comes from rising geopolitical tensions between the United States and the European Union after European countries sent troops to Greenland and Washington responded with tariff threats.
These developments dented risk appetite and pushed markets lower as Asia and futures trading opened, with Bitcoin falling from above $95,000 to below $92,000, adding to pressure on alternative currencies including XRP.
Technically, CryptoWZRD analysts warn that XRP needs to hold above $1,975 to regain upward momentum.
Price’s failure to sustain this level could mean continued pressure, while consolidation above this level could open the way for a short-term rebound attempt.
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