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XRP’s price has dropped 4.8% in the last 24 hours, bringing it to $2.29. This mirrors a broader crypto market decline, with the total market cap shrinking by 6.5% to $3.35 trillion. Let’s break down the reasons behind today’s dip. 🚨 $XRP

1. Massive Long Liquidations 💥

In the past 24 hours, XRP’s derivatives market experienced over $12.92 million in long liquidations, compared to just $3.86 million in short liquidations. This disparity triggered a sell-off, intensifying downward pressure on the price.

Similar liquidation spikes led to a 23% XRP price drop in December. 🛑

2. Falling Funding Rates 📉

XRP’s funding rates dropped from 0.21% per week to -0.11% per week. A negative funding rate indicates an increased preference for short positions. Open interest also decreased by $300 million, signaling waning confidence in bullish bets.

This shows traders are growing cautious, further weakening demand for XRP.

3. Long-Term Holders Selling 🚪
Since hitting a local high of $2.50 on Jan. 4, XRP has fallen 10%. Data shows a spike in the Dormant Circulation Supply (356D) metric, with 208.3 million XRP (worth $467 million) moved by long-term holders.
This increase in circulating supply amplified sell pressure, driving prices lower. 💸

4. Key Support Levels in Danger 🛠️

XRP’s correction aligns with a descending parallel channel. Resistance at $2.45 remains unbroken, and failure to flip this into support could see prices retest the 50-day SMA at $2.15.
A break below this level could accelerate the decline toward $2.00. 📊
The RSI at 53 indicates a market in consolidation, leaving room for a move in either direction.

What’s Next for XRP? 🤔
Despite the current pullback, some analysts remain optimistic. Popular analyst Steph Is Crypto believes XRP could still break out of its bull flag formation and rally to $5.60

For now, all eyes are on whether XRP can hold the $2.15 level and reclaim $2.45 as support.

Bottom Line: XRP’s decline is driven by heavy liquidations, cautious sentiment, and long-term holders offloading. While a deeper correction is possible, breaking resistance at $2.45 could reignite the bullish case. Stay vigilant, traders! 🚀

#xrp #LongTermHolders #BullishRun

The future price trajectory of BNB (Binance Coin) is subject to various factors, including market sentiment, regulatory changes, and the performance of the Binance ecosystem. Here's an analysis based on available data and opinions:$BNB #BNB_Market_Update

Recent Performance and Trends: BNB has shown signs of resilience and has been noted for building a solid uptrend, particularly when compared to other cryptocurrencies facing retracements. Posts on X have highlighted that BNB might break through certain resistance levels, with some users predicting targets around $875 if it does so. Additionally, despite a significant drop earlier in 2023, BNB has regained some ground, indicating strong support and recovery potential.#trends Market Sentiment and Predictions: The consensus from various web sources suggests a bullish outlook for BNB. Price predictions for 2025 range from $842.73 to $1,214 at the peak, showing a significant potential for growth. These forecasts are based on the expansion of Binance's ecosystem, including DeFi projects, NFTs, and blockchain innovations. Moreover, the coin's association with the growing Binance Smart Chain (BSC) adds to its utility and demand.#predictons Technical Analysis: Technical indicators like moving averages and resistance/support levels are often used to predict price movements. BNB has been described as looking strong on weekly timeframes, potentially ready to break through descending resistance, which could lead to significant price increases. On the downside, historical data shows that whenever BNB hits certain high levels, it tends to fall back, although with the possibility of finding new support levels.#TechnicalAnalysiss Potential Challenges: Regulatory scrutiny and market volatility remain key challenges. BNB could face liquidation pressures at certain price points, which might trigger corrections. Additionally, broader cryptocurrency market trends and investor sentiment towards centralized exchange tokens like BNB can influence its price.Long-term Outlook: Considering the continuous development of the Binance ecosystem and the increasing adoption of blockchain technologies, many experts believe BNB could sustain long-term value growth. Some speculative forecasts even see BNB reaching much higher prices by 2030 or beyond, depending on market conditions and Binance's strategic moves.#LongTermHolders

In summary, while there's a general expectation of an upward trend for BNB based on current analyses and sentiments, the cryptocurrency market's inherent volatility means that these predictions are not guaranteed. Investors should consider both the bullish indicators and the potential risks associated with market corrections and regulatory news.