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HOT
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More
XRP faces a critical support breach, with a concerning trend.
The current price has fallen to $1.86, down 1.48% in 24 hours, significantly weaker than BTC and ETH. Multiple bearish signals are evident on the technical front: the original support level of $1.95 has been broken, accompanied by increased selling pressure. On-chain data shows 29.5M XRP tokens flowing into exchanges, a typical indicator of selling intent. Technical indicators are also declining—RSI has dropped to 38, below key moving averages.
Recent risk events should also be monitored. The crypto market is approaching the expiration of $28B worth of options contracts, which often trigger volatility.
Traders should pay close attention to the $1.77 support level. If it fails, a chain reaction of adjustments could occur. Currently, cautious sentiment dominates the market.