Why is the crypto market correcting downwards so strongly today?? What is causing this effect? How long will it last? This week?

Today, the cryptocurrency market is experiencing a significant correction due to several factors that are generating uncertainty among investors:

1. Excessive leverage: Large leveraged positions in multiple cryptocurrencies have been liquidated. This phenomenon creates automatic sell-offs that increase downward pressure on prices.

2. Technical divergences: Many assets, including Bitcoin and XRP, recently reached high levels but showed signs of being overbought. This has led to profit-taking sales, especially after a prolonged bullish rally.

3. Regulatory and macroeconomic concerns: Rumors of new regulations in the United States and Europe are generating fear in the markets. Additionally, the recent strength of the dollar has negatively affected riskier assets.

In the XRP ecosystem, a significant drop is expected. How far will this drop go? How much fear can influence the market? But is XRP still worth it? Supposedly, everything points to doubling the last bullish cycle of 3.84, right?

As for the duration of this correction, it will depend on how the markets react to key factors such as macroeconomic data and regulatory news. In the coming week, some volatility may continue, but if key technical levels hold, the market could stabilize or resume an upward momentum.

I suggest closely following news about macroeconomic events and trends in Bitcoin, as it usually leads market movements.