XRP just slid to $3.14in a sharp daily drop as traders decided it was time to lock in profits 🤑
After a juicy $189M inflow last week, the hype cooled off — and the market took a breather.
💥 What’s Dragging XRP Down:
Profit-Taking Party: Traders cashed out after recent gains
Fed Uncertainty: Markets waiting on the Fed’s next move on interest rates 🏦
BTC Flight: Bitcoin dominance up to 60.63% as risk-averse traders jump ship to safer ground
🐋 Whale Alert:
Ripple co-founder Chris Larsen moved $140M in XRP to exchanges on July 17
These kinds of moves usually = incoming sell pressure 😬
📈 Derivatives Heat Up:
XRP Futures Open Interest: A massive $666B — showing heavy speculation in the market 🔥
📉 TL;DR: Between whales, Fed jitters, and traders flipping to BTC, XRP feeling the squeeze.
Keep your eyes open, don’t chase pumps. DYOR. Not financial advice.
Stay sharp and stay informed
