$XRP Why Is XRP Dropping Even Though the Market Is Bullish? 🤔📉
The crypto market is turning green! 🌱 Bitcoin (BTC) has smashed the $100K milestone 🚀🎉—a huge win, especially since many thought it might drop below $90K. But while BTC takes the spotlight, altcoins like XRP and ADA, which recently hit $1 after a long wait, are feeling some pressure. 😬
XRP’s price has taken a hit 📉, even losing its spot as the third-biggest crypto to Tether (USDT). So, what’s going on? Are traders cashing out profits, or is this just a pause before the next big move? 🤷♂️
What’s Happening with XRP?
• Exchange Activity: More XRP is sitting on exchanges, meaning traders might be prepping to sell or swap. 🏦💱 • Daily Activity: Both the number of active addresses and transactions have dropped, suggesting no immediate action from traders. 💤 • Price Movement: XRP is trading in a rising but expanding channel. After a recent dip, it’s under upward pressure, but the RSI (Relative Strength Index) is falling. This could mean prices might drop further to a support zone between $1.83 and $1.94. 🔽
The Bigger Picture
Bitcoin’s massive rally is pulling liquidity back into BTC, making altcoins like XRP take a backseat for now. But once BTC cools off—expected around $108K—altcoins could take off! 🚀✨
XRP might rebound strongly soon, as selling pressure is still low compared to buying. If the rally picks up, XRP could not only recover but even smash past its all-time high (ATH) to hit $4. 💪💸
XRP is in a consolidation phase while BTC steals the show. But don’t count it out once the market shifts, XRP could come back stronger than ever! 🚀#BTC100K! #CryptoHistoricMoment #CryptoMarketHype #XRPReclaimsTop3 $BTC $ADA
$XRP Reality what's happing.... Ripple's RLUSD, a regulated stablecoin approved by NYDFS, enhances cross-border payment solutions with stability and compliance. XRP was overbought zone, maximum are liquidated or holding loss position. Meanwhile, XRP, Ripple's native cryptocurrency, faces legal challenges and market speculation, keeping its price volatile. RLUSD’s launch strengthens Ripple's ecosystem but has minimal direct impact on XRP's value.
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