What is driving the price of XRP down?
The price of XRP is experiencing strong downward pressure due to recent pullbacks of BTC. Additionally, there are clear signs that the current levels are influenced by significant sell-offs from large investors. The Chaikin Money Flow (CMF), a technical indicator that measures buying and selling pressure based on volume and price, has recently recorded a sharp decline. This signal suggests that investors are withdrawing capital from XRP.
We are likely still in a profit-taking zone, as it has been detected that since mid-July, long-term holders have been consistently selling their XRP, and in recent days this trend has intensified.
The price of XRP is also affected by a complex macroeconomic context for the cryptocurrency market: Donald Trump's tariff policy, the high interest rates from the Fed, and rumors of a total ban on Bitcoin in China have created an unfavorable scenario for reaching new highs.
