XRPThe price of about 5 percent in the last 24 hours, the level of 2,164 dollars fell to the level. With this decline, Altcoin’s weekly loss reached almost 10 percent. Despite a few attempts of buyers to recover the price, sellers dominate the market and stand out as an important obstacle that cannot exceed $ 2.20. The intensive sales volume led to the downward breakage of key support levels.
Intensive sales pressure that hit XRP
XRP The sales volume for the sale has just doubled and caused a strong resistance around the $ 2.19 level. Buyers tried to raise the price to $ 2,179, but this initiative was short -term. In the first hours of the day, another high -volume decrease wave led the XRP to a lower level of $ 2,162. Altcoin It is currently moving around $ 2,164. The support level of around $ 2,147, which is known to have intervened several times, is closely monitored.
Analyst BullnchillHe pointed out that it is unusual to unite the high transaction volume with the price decrease and that this usually signals an important change in market sensitivity. Technical indicators point to the potential of further decrease unless the momentum does not change. The descending channel formation in the hourly graph shows that the current decrease trend may continue.
The main causes of price decrease
The conditions through the market and the SEC’s postponement for ETF applications XRP Coinnegatively affected. Global uncertainties, especially the Iran-Israeli War and non-net signals from central banks made investors uneasy. In addition, the postponement of the decision for the application of more than one crypto currency exchange investment fund (ETF) has increased the negative atmosphere for risky assets such as crypto currencies.
Experts think that this movement may be triggered by wider macro fluctuations, regulatory uncertainty and pressure through the crypto currency market. Investors are trying to understand whether this is a temporary noise or a larger decline for XRP. Ripple 
$2.20‘of Rlusd Stablecoin work on the regions such as Dubai, Singapore, such as developments such as the expansion of the market has not been able to create a significant optimism in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
