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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP’s price plummeted by 43%, wiping out weeks worth of gains. Just the most recent daily candle has created a vicious knife that is 30% downward, indicating extreme volatility and panic selling. Will whales buy the dip as XRP falls toward important support levels, or is this the start of a more severe crash? Critical support levels have been lost as XRP has fallen to $2.00 from its peak of $3.40. A change in momentum toward bearish territory was confirmed by the most recent candle, which cut through the 50 EMA. If the 100 EMA, or $2.15, fails to act as the next significant support, XRP may test the 200 EMA, which is currently at $1.60. XRP/USDT Chart by TradingView XRP is currently in a vulnerable position. A relief rally could be triggered by a strong bounce from the $2.15 zone, which could push prices back toward $2.60 or even $2.85 if buyers regain control. But if support is broken, losses could quicken, and the price could drop to $1.160 or less. Large investors have historically tended to amass during severe price collapses. Whale activity may indicate a bottom formation if it increases between $2.00 and $2.15. But XRP might keep declining if there is not any significant buy pressure, particularly if the overall state of the…