XRP Drops 4% in 24 Hours — Here is What Could be Next
The post XRP Drops 4% in 24 Hours — Here is What Could be Next appeared on BitcoinEthereumNews.com. Altcoins XRP has seen a 4.63% decline over the past 24 hours, with the price currently hovering around $2.19, according to data from CoinMarketCap. The drop comes amid conflicting technical signals and growing speculation about XRP’s next major move. Bearish Signals: Breakdown Below 200-Day Moving Average According to a chart shared by Coin Bureau, XRP has fallen below its 200-day moving average, a level widely viewed as a key support in trend analysis. Technical analysts often interpret such a breakdown as a bearish signal, potentially paving the way for further downside. Bullish Contrasts: “Final Pump” Predictions and Breakout Claims Despite the dip, several bullish voices remain optimistic. Crypto analyst Steph Is Crypto multiple charts on May 30 suggesting XRP is entering a “final pump” phase, referencing similar past patterns. In another tweet, Steph highlights that XRP has broken out across multiple global pairs, including USD, EUR, JPY, and CNY charts — reinforcing a view of multi-market bullish momentum. Diverging Narratives Create Volatility This divergence between bullish pattern expectations and bearish technical breakdowns reflects the current volatility surrounding XRP. With traders split between anticipating a breakout and bracing for deeper correction, the market is on edge. On-Chain & Market Metrics Market Cap: $128.69B (down 4.16%) 24h Trading Volume: $3.53B (up 32.44%) Circulating Supply: 58.68B XRP out of a 100B max supply The sharp increase in trading volume suggests heightened activity — a common feature during periods of trend reversal or continuation. What’s Next for XRP? Adding to the mix, Coinbase Institutional announced it will enable 24/7 futures trading for XRP starting June 13, which could increase speculative activity and volatility in the short term. Key levels to watch Support: $2.10 – $2.15 zoneResistance: $2.30 – $2.45 range Conclusion XRP is at a technical crossroads. While some analysts call for a massive upside…
The post XRP Drops 4% in 24 Hours — Here is What Could be Next appeared on BitcoinEthereumNews.com.
Altcoins XRP has seen a 4.63% decline over the past 24 hours, with the price currently hovering around $2.19, according to data from CoinMarketCap. The drop comes amid conflicting technical signals and growing speculation about XRP’s next major move. Bearish Signals: Breakdown Below 200-Day Moving Average According to a chart shared by Coin Bureau, XRP has fallen below its 200-day moving average, a level widely viewed as a key support in trend analysis. Technical analysts often interpret such a breakdown as a bearish signal, potentially paving the way for further downside. Bullish Contrasts: “Final Pump” Predictions and Breakout Claims Despite the dip, several bullish voices remain optimistic. Crypto analyst Steph Is Crypto multiple charts on May 30 suggesting XRP is entering a “final pump” phase, referencing similar past patterns. In another tweet, Steph highlights that XRP has broken out across multiple global pairs, including USD, EUR, JPY, and CNY charts — reinforcing a view of multi-market bullish momentum. Diverging Narratives Create Volatility This divergence between bullish pattern expectations and bearish technical breakdowns reflects the current volatility surrounding XRP. With traders split between anticipating a breakout and bracing for deeper correction, the market is on edge. On-Chain & Market Metrics Market Cap: $128.69B (down 4.16%) 24h Trading Volume: $3.53B (up 32.44%) Circulating Supply: 58.68B XRP out of a 100B max supply The sharp increase in trading volume suggests heightened activity — a common feature during periods of trend reversal or continuation. What’s Next for XRP? Adding to the mix, Coinbase Institutional announced it will enable 24/7 futures trading for XRP starting June 13, which could increase speculative activity and volatility in the short term. Key levels to watch Support: $2.10 – $2.15 zoneResistance: $2.30 – $2.45 range Conclusion XRP is at a technical crossroads. While some analysts call for a massive upside…
What's Your Reaction?
