XRP's price has been experiencing a significant decline in recent days, breaking below a critical support zone of $1.26-$1.28. This downward momentum is evident in the cryptocurrency's performance, with its price currently trading around $1.16-$1.18 after a 6% drop in one day.
The strong selling pressure has triggered concerns among analysts, who warn that if this support fails to hold, XRP could potentially plummet to as low as $0.92 or even $0.63. However, some market participants see an opportunity for accumulation between the prices of $1.10 and $1.30.