Shamii05
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Bearish
#CircleIPO
XRP Drops 3% as Selling Pressure Overwhelms Support Level
The Ripple-related token faces mounting bearish pressure amid technical breakdown and increased selling volume.
XRP
$2.22
tumbled 2.71% over the past 24 hours, continuing its downward spiral as selling pressure outweighed buyer interest.
The token now trades at $2.20 after breaking below key support levels, forming a descending channel pattern that has defined recent price action. A significant volume spike of 1.2 million units preceded the breakdown, signaling traders’ rush to exit positions as market sentiment soured
XRP’s market cap shed $6 billion during the session, with weekly losses totaling 9.11%, reflecting a broader struggle to maintain momentum amid global market volatility.
XRP Drops 3% as Selling Pressure Overwhelms Support Level
The Ripple-related token faces mounting bearish pressure amid technical breakdown and increased selling volume.
XRP
$2.22
tumbled 2.71% over the past 24 hours, continuing its downward spiral as selling pressure outweighed buyer interest.
The token now trades at $2.20 after breaking below key support levels, forming a descending channel pattern that has defined recent price action. A significant volume spike of 1.2 million units preceded the breakdown, signaling traders’ rush to exit positions as market sentiment soured
XRP’s market cap shed $6 billion during the session, with weekly losses totaling 9.11%, reflecting a broader struggle to maintain momentum amid global market volatility.
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