๐ป ๐ซ๐ฅ๐ฃ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ ๐ฎ๐ฌ๐ฌ-๐๐ฎ๐ ๐ ๐ผ๐๐ถ๐ป๐ด ๐๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ โ Is More Downside Coming?
โก๏ธ XRP has dropped 6% in the last 24 hours, now trading at $2.17, officially falling below its 200-day moving average โ a key long-term support line watched by many technical traders.
๐ Analysts warn that if XRP fails to hold above $2.30, it could face a further 16% drop, with the next major support seen around the $1.85โ$1.90 range.
๐งจ The recent sell-off was triggered by:
Macroeconomic fears including Trumpโs tariff threats
Rising anxiety over U.S. economic growth
A broader risk-off sentiment across the crypto space
๐ Volume Spikes, Sentiment Shifts
๐ Trading volume surged to 174.7M XRP โ nearly 4x the average, signaling a sharp investor reaction and possible panic selling.
๐ XRP even touched an intraday low of $2.16 before slightly rebounding.
๐ Technical indicators show resistance forming around $2.20, with the price currently consolidating below that zone.
๐ Not Just XRP โ The Whole Marketโs Bleeding
๐ฅ The entire crypto market lost 3.1% in the last 24 hours, dragging the global crypto market cap down to $3.35 trillion.
Bitcoin (BTC) and Ethereum (ETH) also saw minor declines
Altcoins and meme coins faced steeper pullbacks
๐ง Why It Matters:
โ A break below the 200-day MA often signals a potential trend reversal from bullish to bearish
โ Heightened volume + price drop = strong selling pressure
โ XRP has outperformed in recent months โ this pullback could shake out weak hands or trigger deeper corrections
โ ๏ธ Key Levels to Watch:
โ Support: $2.16 โ $2.00 โ $1.85
โ Resistance: $2.20 โ $2.30 (critical)
โณ RSI approaching oversold zone = possible short-term bounce?