🚨 XRP Alert: Ripple Drops 10% – What’s Happening? 💔
The crypto market has been shaken up with over $613 million in liquidations in just 24 hours! 😱 XRP, Ripple's native token, is among the hardest hit, diving over 6% in a single day and falling below the critical $3 mark. Bearish vibes are spreading fast, leaving traders on edge.
💡 Key Highlights:
🔻 XRP has dropped 10% in the last week, breaking crucial support levels.
📉 Trading volume spiked to $6.28 billion (+102.63%) as selling pressure dominated.
📊 Technical indicators show a steady increase in bearish momentum, signaling tough days ahead.
Why Did XRP Crash?
Since December, XRP has been holding steady within a triangle pattern, offering hope for stability. But this week, things took a turn. The price dip below $3 triggered panic selling, breaking a key support level.
Despite the downturn, there’s a silver lining: the support trendline within the triangle remains intact, sparking hopes for a bullish rebound.
Can XRP Bounce Back?
📈 A recovery is possible if buyers take charge and push XRP back to $3. A strong rally could even target the $3.50 resistance.
📉 But if selling pressure continues, XRP might fall below its $2.75 support level—and could even test $2.50 in a worst-case scenario.
⚠️ Traders Beware: With Bitcoin also struggling to stay above $100k, it’s a challenging time for the crypto market. Stay cautious, monitor support levels, and manage risks wisely.
Final Thought: Can XRP regain momentum, or will the bears take over? Time will tell. Stay tuned for updates!
What’s your take on this XRP dip? Drop your thoughts below! 👇
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