šØĀ $XRP Drops 5.6% Despite RippleāsĀ $1BĀ Acquisition - Whatās Next for Price Action?
Rippleās latestĀ $1Ā billion move - acquiring GTreasury to expand its real-time liquidity network - shouldāve been a bullish catalyst. Instead, XRP tumbled 5.6% in 24 hours, slipping fromĀ $2.47 to a daily low ofĀ $2.29. š
DespiteĀ $7.58B in trading volume, sentiment flipped bearish fast. XRPās market cap shrank 5.75% toĀ $137.21B, highlighting a disconnect between Rippleās business progress and market reaction.
š On-chain & technical view:
$XRP has broken below the keyĀ $2.47 support, entering a consolidation zone betweenĀ $2.27ā$2.29. Both RSI and MACD point to heavy overselling - typically a setup for short-term volatility rather than an immediate rebound.
If bears maintain control, theĀ $2.14 support is the next critical level to watch. A daily close underĀ $2.29 could accelerate the slide. Conversely, reclaimingĀ $2.47 would be a strong bullish confirmation and could reopen paths towardĀ $2.60+.
š Big picture:
While Ripple continues scaling its institutional liquidity stack, traders remain cautious. The market is yet to price in the long-term impact of the acquisition - but for now, momentum traders control the narrative.
š XRP sits at a crossroads:Ā $2.14 could define the next wave. For businesses, investors, and innovators - this is the level that decides whether Rippleās billion-dollar bet translates into real market strength. š”
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