XRP News Today: XRP Drops 20% Below $2 Mark Amid Bearish Trend

Generated by AI AgentCoin World
Monday, Jun 23, 2025 11:45 am ET1min read

XRP, the cryptocurrency associated with Ripple, has recently experienced a significant decline, falling below the $2 mark. This drop has led to a shift from a period of consolidation to active selling, indicating a bearish trend in the market. The collapse of XRP from its symmetrical triangle pattern, which had supported its consolidation for weeks, has been a notable development. The coin is now trading below its 200-day Exponential Moving Average (EMA) and key trendline support, further emphasizing the bearish sentiment.

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