Why Is the XRP Price Going Down Today and How Low Can It Fall Before a Bounce?
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- XRP drops below $2, down 10.5% in 24 hours, extending its weekly loss to 16.63%.
- Whale sell-offs and weak network activity contribute to XRP’s ongoing bearish trend.
- Analysts eye support levels at $1.91 and $1.73, with deeper risks if the trendline breaks.
XRP has slipped below the critical $2 mark after a 10.5% decline in the past 24 hours, deepening its weekly drop to 16.63%. The pullback has erased earlier-year gains, leaving many holders back in negative territory.
This downturn follows weakening network activity, sustained whale sell-offs, and a market correction.
XRP Network Activity Drops to Multi-Month Lows
One of the most troubling signs for XRP is the dramatic decline in network engagement. Glassnode data shows that daily active addresses on the XRP Ledger have fallen 91% since mid-June, dropping from 577,134 to just 50,725.
New addresses hav…
Read The Full Article Why Is the XRP Price Going Down Today and How Low Can It Fall Before a Bounce? On Coin Edition.
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Why Is the XRP Price Going Down Today and How Low Can It Fall Before a Bounce?
Share:
- XRP drops below $2, down 10.5% in 24 hours, extending its weekly loss to 16.63%.
- Whale sell-offs and weak network activity contribute to XRP’s ongoing bearish trend.
- Analysts eye support levels at $1.91 and $1.73, with deeper risks if the trendline breaks.
XRP has slipped below the critical $2 mark after a 10.5% decline in the past 24 hours, deepening its weekly drop to 16.63%. The pullback has erased earlier-year gains, leaving many holders back in negative territory.
This downturn follows weakening network activity, sustained whale sell-offs, and a market correction.
XRP Network Activity Drops to Multi-Month Lows
One of the most troubling signs for XRP is the dramatic decline in network engagement. Glassnode data shows that daily active addresses on the XRP Ledger have fallen 91% since mid-June, dropping from 577,134 to just 50,725.
New addresses hav…
Read The Full Article Why Is the XRP Price Going Down Today and How Low Can It Fall Before a Bounce? On Coin Edition.
Read More
XRP Balance on Coinbase Drops 90%: Is BlackRock Secretly Accumulating XRP?