The price of XRP dropped more than 5%, having difficulty maintaining above the $0.513 threshold and breaking through important support barriers. Opinions among experts regarding XRP’s prospects are mixed, with some stating it must remain over $0.40 to avoid a significant drop to $0.25. The destiny of XRP hinges on the ability of the buyers to recover the position they’ve lost and keep the support level near $0.51 stable. In recent hours, XRP’s value declined significantly, surpassing 5% and breaching several established price levels as sellers took temporary command. The cryptocurrency struggled to maintain its value above the crucial $0.51 level, which is considered to be of significant psychological importance. The collapse increases the potential for a negative turn, influenced by the ability of essential support levels to contain the selling momentum. XRP experienced a temporary surge after riding on the back of Bitcoin’s surge but encountered firm opposition near the $0.54 mark. This led to a period of stagnant trading, which resulted in XRP falling through its 0.236 Fibonacci retracement level. The emergence of a technical fracture indicates a possibility of revisiting the 2022 troughs near $0.33 unless there is a quick change in market direction. Experts are split on what tactics to adopt considering the asset’s value remains significantly below its peak historical levels. However, there is a consensus that considerable drops could still occur unless prices rebound above strong resistance areas. Certainly, a lot hinges on whether XRP advocates can promptly recover their recent losses before bearish traders start aiming for even weaker support points. A group of important purchase areas ranging from $0.495 to $0.515 is essential for averting the most negative outcomes. Currently, traders are closely monitoring to observe if positive buying activity reemerges, as XRP stabilizes near $0.51 following the recent drop in its value this week. If the price consistently remains under that level, there’s a risk of it dropping to $0.50, and below that point, substantial purchasing activity is necessary to avoid more drastic declines. Naturally, there’s still a chance for a recovery, as reduced prices may rekindle the interest of XRP enthusiasts who have been waiting for an opportunity. However, current signals are now showing cautionary signs without any sign of a favorable change in direction.