Why did RP drop today? Simply put, it’s due to a few technical issues. The price is stuck at $2.5 and can’t seem to break through, making $2.5 a hard ceiling; it drops every time it touches that level, causing the bulls to back off. There was a false breakout before that tricked a number of people, and now it has dropped back to $2.3, with retail investors cursing and cutting losses to run away. The general environment is not supportive; the Federal Reserve is about to hold a meeting and the market is afraid of interest rate hikes, so funds are fleeing as a precaution. Trump's tariff policies still have lingering effects; in April, XRP was halved in one day, and now everyone is still apprehensive. On-chain activity is dying; there are only 30,000 active addresses left, which is a 70% drop from the peak, and trading volume is as lifeless as a dead fish. Big players are dumping heavily, trading platforms are filled with sell orders, and the price is being crushed directly. Bad news keeps coming: The SEC has postponed the XRP spot ETF to June, and institutional funds are temporarily out of the picture. Ripple's own stablecoin RLUSD is stealing the spotlight, with some people shifting to more stable assets. What to do? Short-term operation guide: Keep an eye on $2.5. Long-term: Wait for ETF news, with a 77% probability of passing this year, or Ripple may make big moves in Asia. Hedging: Exchange some BTC and ETH to hedge, don’t put all in XRP. Risk warning: If it hits $1.8, be cautious of sudden changes from the SEC or global black swan events, as you might face substantial losses.
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