๐ XRP Price Drops Sharply โ What Just Happened?
In a sudden turn of events, XRP plunged from $3.65 to $3.00, shaking the crypto community. So, what triggered this sharp decline?
๐ Key Reasons Behind the Crash:
๐ณ Ripple Co-founder Moves Massive Funds: A jaw-dropping $175 million worth of XRP was transferred to exchanges, raising concerns over potential sell-offs.
๐ฃ Over $113 Million Liquidated: Long positions worth $113M+ were wiped out in a single day, intensifying the downward pressure.
๐ Altcoin Market Pullback: This wasnโt just about XRP โ the entire altcoin market faced a significant correction.
๐ User Activity Decline: On-chain data shows a 44% drop in active addresses, suggesting a sharp fall in user engagement.
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Crash or Opportunity?
Despite the fall, XRP appears to be holding strong support around $2.95โ$3.00. If the bulls step in, we could see a rebound toward the $3.25โ$3.55 zone.
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๐ฌ Whatโs Your Move?
๐ Buying the dip
๐ค Waiting for lower
๐ซ Done with XRP
Let us know your strategy below.