🚨 Why is XRP and Major Crypto Down? 🚨
#1.Legal Uncertainty: The ongoing Ripple vs. SEC case and potential appeals have shaken investor confidence.
#2.Technical Breakdown: XRP has lost key support levels, including the 50-day and 100-day EMAs.
#3Bearish Market Sentiment: Broader market fears and macroeconomic concerns are driving sell-offs.
#4.Strong US Dollar: A rising DXY is negatively impacting crypto prices.
#5.Low Trading Volume: Reduced trading activity is further pressuring XRP.
📉 $XRP Next 24 Hours: XRP could dip further if it doesn't regain support. Watch for potential declines to the $0.55-$0.58 range.
