Cryptocurrency XRP lost 7% per day

Over the past day, XRP has fallen sharply by about 7%, from $ 1.88 to $ 1.75, breaking through a key technical support level. The drop was accompanied by a sharp increase in trading volumes, which indicates forced sales and liquidation of positions rather than planned profit-taking.

The key point was the drop below $ 1.79, which had previously served as short-term support. After breaking through this level, the volume of buy orders dropped sharply, allowing the price to quickly fall to the middle of the $ 1.70 range. The four-hour chart shows a structural breakdown: the previous «higher lows» did not hold, the market moved into a bearish phase, and the former support is now acting as resistance.

The significant increase in trading volumes at the time of the drop below $ 1.80 indicates massive stop losses and liquidation of credit positions. This means that participants with weak positions have been pushed out of the market, but the bottom has not yet been confirmed.

Currently, the price has stabilized around $ 1.75, which is the nearest support level. The $ 1.79-$ 1.82 zone has become a key resistance, and a return above this range is critical to reduce the risks of further decline. If XRP fails to gain a foothold above $ 1.79, the market may continue to move downward, as sellers are still in control.