Why $XRP Dropped Sharply – What’s Next?
$XRP recently saw a sharp pullback from $3.3342 down to around $3.1176, marking a noticeable correction. This move came after a strong upward push, suggesting profit-taking by short-term traders and increased selling pressure at higher levels.
Key Reasons for the Drop:
Overbought Zone: Price touched resistance near $3.33, triggering sell orders.
Market Sentiment: Broader crypto weakness added extra pressure.
Whale Activity: Large holders likely booked profits after the spike.
Next Move & Price Outlook:
Support Zone: If $3.11 holds, we may see a quick rebound towards $3.20–$3.25.
Break Below $3.11: Could test the $3.05–$3.00 range.
Bullish Scenario: A recovery above $3.25 may push towards $3.33 again.
Conclusion:
XRP’s dip is a healthy short-term correction. Traders should watch the $3.11 level closely holding above it could signal the next upward move.
