XRP price forecast: XRP dips 7% as crypto downturn threatens bulls
The post XRP price forecast: XRP dips 7% as crypto downturn threatens bulls appeared on BitcoinEthereumNews.com. XRP price fell 7% in the past 24 hours amid a broader crypto crash to touch lows of $2.90. Daily trading volume jumped 28% to $8.2 billion as panic selling spread. XRP’s technical outlook suggests further price declines. Ripple’s XRP is one of the top losers in the leading cryptocurrencies by market segment as the cryptocurrency market faces fresh turbulence. Amid a broader crypto downturn, the XRP price has fallen 7% in the past 24 hours to touch lows of $2.90. This decline below the key level of $3.00 comes as Bitcoin hovers below $115k after another aggressive sell-off, with Ethereum, Solana and BNB also paring gains. Macroeconomic headwinds and whale sell-offs are likely to drive further volatility across the market, with a bearish flip, bad news for altcoins. However, could XRP’s strength see bulls rebound off support to eye new all-time highs? XRP price – bulls fail to hold $3.00 amid crypto downturn In the past 24 hours, XRP’s price has dropped from highs of $3.18 to lows of $2.90 across major exchanges. While the 7% dip aligned with other top 10 coins, it’s notable that XRP slipped below the critical $3.00 threshold. Daily trading volume rose 28% to over $8.2 billion, reflecting the level of panic selling that XRP has seen in the past 24 hours. As noted, Ripple’s XRP dipped amid Bitcoin’s notable drop to lows near $114k. Increased whale selling, in recent weeks, from long-dormant coins, combined with overall macroeconomic headwinds, to scattered bulls’ plans. Per Coinglass data, these declines have led to total liquidations across the crypto market jumping 79% to more than $758 million in 24 hours. ETH led with over $229 million in leveraged positions wiped out, and BTC saw $179 million in forced exits. On the other hand, XRP accounted for $41…
The post XRP price forecast: XRP dips 7% as crypto downturn threatens bulls appeared on BitcoinEthereumNews.com.
XRP price fell 7% in the past 24 hours amid a broader crypto crash to touch lows of $2.90. Daily trading volume jumped 28% to $8.2 billion as panic selling spread. XRP’s technical outlook suggests further price declines. Ripple’s XRP is one of the top losers in the leading cryptocurrencies by market segment as the cryptocurrency market faces fresh turbulence. Amid a broader crypto downturn, the XRP price has fallen 7% in the past 24 hours to touch lows of $2.90. This decline below the key level of $3.00 comes as Bitcoin hovers below $115k after another aggressive sell-off, with Ethereum, Solana and BNB also paring gains. Macroeconomic headwinds and whale sell-offs are likely to drive further volatility across the market, with a bearish flip, bad news for altcoins. However, could XRP’s strength see bulls rebound off support to eye new all-time highs? XRP price – bulls fail to hold $3.00 amid crypto downturn In the past 24 hours, XRP’s price has dropped from highs of $3.18 to lows of $2.90 across major exchanges. While the 7% dip aligned with other top 10 coins, it’s notable that XRP slipped below the critical $3.00 threshold. Daily trading volume rose 28% to over $8.2 billion, reflecting the level of panic selling that XRP has seen in the past 24 hours. As noted, Ripple’s XRP dipped amid Bitcoin’s notable drop to lows near $114k. Increased whale selling, in recent weeks, from long-dormant coins, combined with overall macroeconomic headwinds, to scattered bulls’ plans. Per Coinglass data, these declines have led to total liquidations across the crypto market jumping 79% to more than $758 million in 24 hours. ETH led with over $229 million in leveraged positions wiped out, and BTC saw $179 million in forced exits. On the other hand, XRP accounted for $41…
What's Your Reaction?
