The crypto market just suffered its worst-performing period of the year, losing a staggering $260 billion in just 36 hours. Market capitalization has dropped below $2.86 trillion, with an 8.85% overnight crash shaking investors' confidence.
XRP hasn’t been spared. In the past 24 hours, its price has plunged 11%, now trading with a volume surge of 192.13% to $14.015 billion. Over the last week, XRP is down nearly 13%, confirming that selling pressure is overpowering demand.
What’s Fueling the Bearish Sentiment?
🔹 MACD Showing Strong Bearish Momentum – The red histogram is expanding.
🔹 SMA Indicates Downtrend – A negative slope suggests further weakness ahead.
🔹 Whale Investors on Edge – Institutions are micro-monitoring XRP’s price, waiting for a decisive move.
What’s Next for XRP?
📌 Bullish Case – If buyers return, XRP could retest $3.00.
📌 Bearish Case – If market conditions worsen, XRP could drop to its key $2.00 support.
Despite the crash, XRP’s high trading volume suggests liquidity remains strong—but whether that leads to a rebound or further losses will depend on broader market sentiment.
The big question: Is this just another dip, or the start of a deeper market collapse?
XRP hasn’t been spared. In the past 24 hours, its price has plunged 11%, now trading with a volume surge of 192.13% to $14.015 billion. Over the last week, XRP is down nearly 13%, confirming that selling pressure is overpowering demand.
What’s Fueling the Bearish Sentiment?
🔹 MACD Showing Strong Bearish Momentum – The red histogram is expanding.
🔹 SMA Indicates Downtrend – A negative slope suggests further weakness ahead.
🔹 Whale Investors on Edge – Institutions are micro-monitoring XRP’s price, waiting for a decisive move.
What’s Next for XRP?
📌 Bullish Case – If buyers return, XRP could retest $3.00.
📌 Bearish Case – If market conditions worsen, XRP could drop to its key $2.00 support.
Despite the crash, XRP’s high trading volume suggests liquidity remains strong—but whether that leads to a rebound or further losses will depend on broader market sentiment.
The big question: Is this just another dip, or the start of a deeper market collapse?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.