XRP Plummets: Sellers Take Control

XRP experienced a significant price drop, falling below a key technical level, indicating sellers control in the short term. The decline, which occurred earlier this week, was not due to specific news but rather technical trading patterns. The drop was fueled by increased selling pressure as the price couldnt hold above resistance points, especially during European trading hours. The breakdown below the one dollar and ninety-three cents Fibonacci level signifies sellers dominance. One dollar and ninety-three cents now serves as the first major resistance level. Any recovery attempt must reclaim this zone with strong trading volume to shift momentum back to neutral. Failure to do so may lead to further price declines.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.