XRP Took Another Dip. Is It Crashing?

XRP is currently in the red, which is making people nervous about the value of their digital assets. Does it mean that a major dip is ahead? As soon as Donald Trump came into power, he sought to go after his biggest trade partners: China, Canada, and Mexico.  

As per official policy, the US decided to curb unauthorized immigration and narcotics smuggling from these respective nations. However, this decision led to market volatility and severely dipped prices of digital assets.  

The recent digital asset that was affected by a bear market is XRP. Looking at the charts, it is very clear that XRP experienced a dip. Currently, XRP is hovering around $2.5887. This is quite lower than the 24-hour high of $2.7323.  

If the pricing continues to dip, there can be another liquidity drive that can wash out the innate value of the token. As a result, rendering it useless.  

The Confusion & Panic 

Experts at Binance Square claim that there are scarce clues about the next support level. There is some confusion between $2.4064 and $2.0480. However, the support level could be lower. However, analysts believe there can be a flip-around between the $2.7323 mark and the $3.0 mark. Therefore, XRP could recover if the pricing is pushed between the zones.  

Some panic might settle in due to the dip, but MACD still shows bullish momentum. Meanwhile, DEA and DIF numbers show bearish momentum. Therefore, experts claim that data can be unreliable, given the scale of the dip.  

At this point, it could go either way. The token might be priming itself for a jump, or there can be a crashdown. As a result, the only solution is to wait with bated bread and let the storm pass over.