XRP Falls 8% Below $3 After Hitting Resistance, High-Volume Selloff Signals Weakness
7 Articles
7 Articles
XRP Falls 8% Below $3 After Hitting Resistance, High-Volume Selloff Signals Weakness
What to KnowXRP declined 8% over the past 24 hours, falling from a session high of $3.17 to a low of $2.94, as intense sell pressure overwhelmed initial strength. The sharpest drop occurred during the midnight trading window on August 1, when XRP fell 2.7% in a single hour, accompanied by 259.21 million units in volume—nearly 4x its 24-hour average.Despite the downtrend, accumulation signals surfaced during the recovery phase, as XRP rebounded t…
XRP Falls 8% Below Key Level After Rally—Time to Sell?
XRP drops 8% after rally, slicing through the vital $2.95 support with strong bearish momentum. On-chain Spot Taker CVD has flipped red, showing dominance of sellers since late July. XRP dominance chart holds above 4.5%, keeping the bullish pennant formation technically valid. XRP’s bullish momentum took a sharp hit over the past 24 hours, plunging 8% and slicing through the critical $2.95 support level. This zone, once the launchpad for a power…
XRP plunges below $3 erasing billions overnight
XRP price plunged below the critical $3 threshold early Friday as the broader cryptocurrency market reacted sharply to U.S. President Donald Trump’s newly imposed tariffs on multiple countries, sparking fears of escalating global economic tensions. The sell-off, which also rattled equities, combined macroeconomic uncertainty with profit-taking after XRP’s recent highs. In particular, the token fell from an intraday peak of $3.16 to a low of $2.9…
Could XRP price shutter $3.00 support ahead of Trump reciprocal tariffs?
Ripple (XRP) price is on the back foot, retracing slightly to trade at $3.09 on Thursday. An attempt to break above resistance at $3.32 failed, reflecting low demand retail and a shift in market sentiment, following Wednesday's United States (US) Federal Reserve (Fed) interest rate decision.
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