XRP Takes a HitโIs Another Crypto Crash on the Horizon?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 hasnโt 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.
Whatโs Fueling the Bearish Sentiment?
๐น MACD Showing Strong Bearish Momentum โ The red histogram is expanding.
๐น SMA Indicates Downtrend โ A negative slope suggests further weakness ahead.
๐น Whale Investors on Edge โ Institutions are micro-monitoring XRPโs price, waiting for a decisive move.
Whatโs Next for XRP?
๐ Bullish Case โ If buyers return, XRP could retest $3.00.
๐ Bearish Case โ If market conditions worsen, XRP could drop to its key $2.00 support.
Despite the crash, XRPโs high trading volume suggests liquidity remains strongโbut 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?