XRP is caught in a severe market-wide correction, with its price action reflecting a broad, risk-off movement across the entire crypto sector. The token has broken below several key technical support levels, moving in lockstep with major assets like Bitcoin and Ethereum.
The sell-off appears to be a reaction to heightened macroeconomic tensions. The primary narrative among traders points to the announcement of new tariffs on China as the catalyst, sparking a flight to safety and a deleveraging event that has overwhelmed buyers.
• Whale Activity: Data indicates sustained selling from large holders, adding significant downward pressure.
• Technical Breakdown: The price has sliced through established support zones, with the next critical level to watch around $2.00.
• Market Sentiment: Fear is the dominant driver, with negative sentiment across social channels and search interest hitting multi-month lows.
For now, the market is in a clear reaction phase, where macro headlines are trumping individual asset fundamentals. The immediate focus is on whether the selling pressure will exhaust itself and where a stable floor might form.
Always do your own research.
Narrator: RippleTalk
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