📉 What happened to XRP yesterday?

XRP closed the day with a slight drop of -1.2%, trading around $2.21, after reaching a daily high of $2.27. Despite the setback, the consolidation trend remains strong.

🔍 What was it due to?

1. Profit-taking:

After several days of bullish momentum, many traders decided to close positions near the psychological level of $2.30, generating downward pressure.

2. Lack of key news:

With no updates on the lawsuit with the SEC or relevant institutional advances, the market moved more by technical analysis than by fundamentals.

3. General crypto climate:

The slight drop in Bitcoin and Ethereum also dragged XRP down, in a context of moderate correction and a breather after weeks of increases.

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✅ Conclusion

XRP continues in a consolidation phase. As long as it holds the support of $2.15, it remains an accumulation area for many medium-term investors.

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