$XRP

📉 ❓ Why did XRP drop by 8%? Here's the reason!

#xrp New Era

📉 Today, XRP dropped by 8%, with the price falling to $2.36. This is related to Ripple, and it's the biggest drop in over two months. Everyone wants to know why.

🤔 Ripple's CEO missed a good opportunity

Ripple's CEO Brad Garlinghouse appeared on CBS's 60 Minutes, intending to discuss the company's affairs, but ended up disappointing the cryptocurrency community.

He mentioned the challenges Ripple is facing but failed to mention the federal judge's statement that XRP is not a security. His omission dissatisfied investors, causing XRP's price to drop to $2.35.

💸 A wave of sell-offs

In the past 24 hours, someone cleared $14.5 million in long positions, which led to an even sharper decline. The entire cryptocurrency market also fell, with a total sell-off of $358 million. XRP's trading volume surged to $12 billion, but with many sellers, its market cap dropped below $136 billion, overtaken by Tether (USDT).

After the rebound, it’s time to cash out

It seems investors cashed out during XRP's rebound in November, and now everyone's attention has shifted back to Bitcoin and Ethereum. As a result, the demand for XRP has decreased, leading to a further drop in price.

🔍 Can XRP bounce back?

Currently, XRP's price is hovering around $2.33, which may serve as a support level. Some analysts say that if it can break through $3, XRP might rise again, possibly reaching $5.

However, sentiment is low right now because funding rates are negative, and traders lack confidence. But even if the economy is sluggish now, as long as XRP can get through this tough time, there is still hope for the future.

Follow for updates, and if you have any questions or want to discuss and learn together, check out the introduction to the cooking industry, and avoid the fat in the circle. $BTC $XRP $XRP #市场调整后的方向 #币安ME开盘 #加密市场回调 #市场回调抄底还是观望？