37% XRP Plummet: Unexpected Market Retrace
Main Idea
XRP experienced a 37% decline in trading volume and price, retreating from a local high, with signs of market exhaustion and capital exit, though short-term indicators suggest potential consolidation.
Key Points
1. XRP's trading volume dropped by 37%, and its price fell to $3.18 from a local high of $3.70, indicating market exhaustion.
2. The Relative Strength Index (RSI) is around 62, showing the market cooling off from overbought levels.
3. Short-term EMAs, like the 21-day, still support the asset, suggesting potential consolidation if it sustains above $3.00.
4. On-chain data shows a slight capital exit from XRP, part of a broader market decline affecting BTC and ETH as well.
5. The future trajectory of XRP depends on incoming liquidity and whether bullish activity resumes after the weekend.
Description
XRP saw solid volume drop, which can create ground for further correction
Latest News
- Mysterious Whale Opens 5,175,112 XRP Long - Liquidation Price is Brutal2025-07-27 12:51:55
- Binance Delays This Airdrop, Here's Why2025-07-27 12:22:49
- Main XRP Price Scenario Revealed by Bollinger Bands, and It's Bullish2025-07-27 12:06:18
- Elon Musk’s Grok Predicts Bitcoin to Hit $25 Million by 20462025-07-27 11:36:31
- Ridiculous -352% Shiba Inu (SHIB) Drop: How Is It Possible?2025-07-27 11:23:30