XRP Price Analysis: Key Support at $2.20 Tested as Downside Continues 📉

XRP is currently trading at $2.23 amid continued bearish pressure, testing the key support level at $2.20. The cryptocurrency's market capitalization stands at $129 billion, with a 24-hour trading volume of $2.8 billion. Within the intraday range of $2.21 to $2.36, XRP faces strong selling pressure across various timeframes.

The 1-hour chart indicates robust bearish momentum, suggesting potential further declines. Traders and investors are closely monitoring these levels to assess the future price direction of XRP, as it remains under significant pressure across multiple timeframes, reflecting a challenging environment for the cryptocurrency.