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Analysis: Global economic uncertainty has caused the XRP price to fall by 6%.
CoinVoice recently learned that according to CoinDesk, the XRP price fell from $2.305 to $2.163 due to global economic tensions, a one-day decline of 6.16%. Market data shows that the token’s trading volume soared to 174.7 million units in a short period of time, reaching four times the average daily trading volume.
Despite the pressure on prices, positive signals have emerged in the market. Renewable energy company VivoPower announced it has raised $121 million to establish an XRP reserve, and Webus International also plans to raise $300 million for its XRP strategic reserve. Technical analysis indicates that $2.16 has formed short-term support, and if the key level of $2.31 is lost, it may further test $1.96.