Episode Details

XRP plummets below $1.40, now hovering around $1.35, after a volatile trading day. The cryptocurrency dropped approximately 2.7% in the last 24 hours, with sellers driving it down from $1.40 to this lower level. The price consistently declined throughout the day, forming lower highs before a rapid sell-off in the final hour breached $1.36 support. Volume surged during this drop, indicating forced liquidations rather than steady selling. Traders remain bearish, as XRP struggles to surpass $1.40, a persistent resistance that has thwarted several recovery attempts. This weak position has left the market vulnerable, with leverage accumulating even as prices fall. Currently, the short-term range is confined between $1.35 and $1.37. Sellers maintain the upper hand unless buyers intervene forcefully. Keep a close watch on $1.35 as the pivotal point—a break lower could steer towards $1.30, while surpassing $1.40 might suggest a reversal amidst the escalating volatility.

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