📉 XRP Price Drops Sharply – What Just Happened?
In a sudden turn of events, XRP plunged from $3.65 to $3.00, shaking the crypto community. So, what triggered this sharp decline?
🔍 Key Reasons Behind the Crash:
🐳 Ripple Co-founder Moves Massive Funds: A jaw-dropping $175 million worth of XRP was transferred to exchanges, raising concerns over potential sell-offs.
💣 Over $113 Million Liquidated: Long positions worth $113M+ were wiped out in a single day, intensifying the downward pressure.
📉 Altcoin Market Pullback: This wasn’t just about XRP — the entire altcoin market faced a significant correction.
📊 User Activity Decline: On-chain data shows a 44% drop in active addresses, suggesting a sharp fall in user engagement.
---
Crash or Opportunity?
Despite the fall, XRP appears to be holding strong support around $2.95–$3.00. If the bulls step in, we could see a rebound toward the $3.25–$3.55 zone.
---
💬 What’s Your Move?
🛒 Buying the dip
🤔 Waiting for lower
🚫 Done with XRP
Let us know your strategy below.
#XPP #XRPtothemoon $XRP