š¤ I asked CoinMarketCap AI ā and now I get why XRP is dropping š
Down 4.5% in 24 hours⦠but itās not just about the chart:
š 1. Macro shock:
U.S. Treasury comments on stalled trade talks with China triggered a market-wide sell-off.Ā #BitcoinĀ dropped toĀ $104,600 ā andĀ $XRPĀ followed.
š 2. Technical breakdown:
Support atĀ $2.20ā$2.25 failed. RSI dropped to 37, EMAs flipped to resistance ā panic mode is on.
š 3. Liquidations hit hard:
$29.4M in XRP futures wiped out in 24h ā 83% were long positions.
š Altcoin Season Index is at 20/100 ā itās Bitcoin Season.
š§ Whatās next?
All eyes onĀ $2.10 support. A break below could trigger more downside. The wildcard? Upcoming SEC decisions onĀ #XRPĀ ETFs might reverse the trend.