🚨 $XRP dropped 12.8% in 24h — from $3.49 to ~$3.04.

After a massive 60% rally since early July, it’s no surprise some traders hit the “take profit” button.📉

Let’s unpack what’s happening 👇

🟣 Profit-taking: XRP peaked at $3.66 — just shy of its 2018 ATH ($3.84). That level acted as a psychological wall. When momentum cooled, short-term traders exited fast.

🟣 Altcoin sentiment cooling: Bitcoin dominance is rising again. The Altcoin Season Index is down at 37 (far from the “season” threshold of 75).

🟣 Technical view: XRP still holds above its 50-day EMA ($2.64) — a key bullish signal. RSI ~55 — not overbought, not oversold. This could just be a breather, not a breakdown.

💡Zoom out: XRP is still one of July’s top altcoin performers. This pullback might just shake out weak hands before the next leg — if market sentiment holds.

I’m watching $2.90 and $2.64 as support zones. 🧠

Short-term noise ≠ long-term trend.