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Dictator47
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Bullish
$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
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
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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