XRP price has fallen below the $1.05 level, a zone that analyst EGRAG CRYPTO calls the « battlefield. » The broader cryptocurrency market posted losses amid escalating tensions in the Middle East, with bitcoin dropping to $62,000. According to analysts, XRP must defend this level to hope for a rebound toward $1.10 and eventually $1.30. A decisive breakdown below $1.05 would push the asset toward the liquidity zone around $1.00. Notably, August has historically been a painful month for XRP, which has finished in the red in all four previous editions.
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