XRP (CRYPTO: XRP) has declined about 10% over the past seven days, pushing market sentiment into “Extreme Fear” and possibly setting up a short-term bounce.

Cryptocurrency Ticker Price Market Cap 7-Day Trend
XRP (CRYPTO: XRP) $1.91 $116.5 billion -8.4%
Bitcoin (CRYPTO: BTC) $89,053.89 $1.77 trillion -7.6%
Ethereum (CRYPTO: ETH) $2,941.74 $354.8 billion -11.3%

Trader Notes: Crypto chart analyst Ali Martinez identified key technical levels for XRP, with support at $1.78, resistance at $1.97, and a major resistance level at $2.00.

Elliott Waves Hub warned that XRP may be forming a multi-year flat correction pattern.

If the …

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