Citing Coindesk, XRP fell 7% to $2.05 as institutional selling overwhelmed ETF inflows, breaking key support levels and pushing the token back into its November correction range. Despite $666.6M in XRP ETF inflows this month and a 45% drop in exchange supply over 60 days, heavy derivatives unwinds and large-lot selling intensified on Tuesday. Technical analysis shows a breakdown below $2.16, signaling bearish momentum and exposing the $1.80–$1.87 support zone.
XRP Drops 7% as Institutional Selling Breaks Key Support
CoinDeskShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.