📉 Why Is XRP Down Today?
XRP is currently showing a -3% drop, and here’s what’s driving the move:
🔻 Technical Breakdown
• Bearish triangle forming – potential drop to $1.20 if support fails
• Open interest in futures is falling
• Negative funding rates = traders betting on downside
🌍 Global Risk-Off Mood
• Iran–Israel tensions & geopolitical fears = panic selling
• Investors moving to safe havens like gold
🐋 Whale Activity & Network Weakness
• Big wallets offloading XRP
• Network activity (wallets, transactions) slowing down
⚖️ Regulatory Cloud
• Ongoing SEC case still unresolved
• ETF hopes fading short-term
• Fear over possible Ripple escrow seizure (likely just FUD)
📊 Support to Watch: $2.00
Break below this level could trigger more sell pressure.
💬 Hold tight or sell off? What’s your move?