XRP Drops 6% In 24 Hours: What’s Going On?

XRP (CRYPTO: XRP) has slipped below key support levels despite strong ecosystem fundamentals, with traders viewing the move as a potential setup for an upcoming breakout.

Cryptocurrency Ticker Price Market Cap 7-Day Trend
XRP (CRYPTO: XRP) $2.46 $148.2 billion +2.8%
Bitcoin (CRYPTO: BTC) $107,954.65 $2.15 trillion -1.2%
Ethereum (CRYPTO: ETH) $3,803.93 $458.8 billion -1.2%

Trader Notes: EtherNasyonal pointed out that XRP’s repeated resistance tests and consistent accumulation above support indicate the asset is preparing for a breakout.

Each retest weakens sellers as buyers absorb supply and gain momentum, potentially …

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