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👉 $XRP Why XRP Price is Going Down?👈

One of the major reasons for the ongoing price drop is the anticipation of XRP’s monthly token unlock. On January 1, 2025, 1 billion XRP tokens will be unlocked as part of Ripple’s operational funding strategy. Historically, such events often increase selling pressure, making traders cautious about price stability.

XRP has been one of the weakest performers among large-cap cryptocurrencies recently. While many digital assets are facing a market-wide downturn, XRP’s price has taken a more significant hit, losing almost 30% of its recent gains and struggling to hold above the $2 mark

What’s Next for XRP?

In the face of a bearish market, XRP has failed to hold its key support level at $2.20 and has been stuck in a tight range for the past month. This is similar to a three-month consolidation phase earlier this year, which ended with a price rally in November.

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