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<p>Ripple (XRP) endured a steep drop over the past day, with the coin falling from highs of $0.65 down to current levels of $0.62, reflecting a loss of 6% in the last 24 hours. The rapid decline mirrored wider turbulence in crypto markets amid a swift shift in investor sentiment.</p>
<p>According to analyst <a href="https://twitter.com/egragcrypto/status/1734087199585403350" target="_blank" rel="noopener noreferrer nofollow">EGRAG Crypto</a>, Monday’s flash crash swiftly liquidated an ample number of leveraged long positions in XRP. He notes that, while devastating for overexposed traders, the unpredictable price action serves as a stark reminder of the risks posed by excessive leverage.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="446" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-307-1024x446.png" alt="" class="wp-image-396532" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-307-1024x446.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-307-300x131.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-307-767x334.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-307-1536x669.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-307-2048x891.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-307-345x150.png 345w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-307-100x44.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-307-804x350.png 804w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-307-788x343.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-307.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Ultimately, the analyst insists that despite the latest bout of volatility, XRP’s core bullish trajectory targeting the $1.4 level remains intact. The analyst called for composure among the <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> faithful, affirming conviction in the asset’s long-term growth narrative.</p>
<p>At this point, the sharp but likely temporary pullback places the impetus on bulls to defend current support levels. Failure to hold above the $0.60 level opens the door for an extended cooldown as bearish momentum gathers steam.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/chainlink-link-nears-make-or-break-resistance-level/" target="_blank" rel="noopener noreferrer nofollow">Chainlink (LINK) Nears Make-or-Break Resistance Level</a></li>
 <li><a href="https://captainaltcoin.com/why-has-avalanche-avax-pumped-300-in-two-months/" target="_blank" rel="noopener noreferrer nofollow">Why Has Avalanche (AVAX) Pumped 300% in Two Months?</a></li>
 <li><a href="https://captainaltcoin.com/rebel-satoshi-demonstrates-big-profit-potential-how-do-ethereum-eth-and-avalanche-avax-compare/" target="_blank" rel="noopener noreferrer nofollow">Rebel Satoshi Demonstrates BIG Profit Potential: How Do Ethereum (ETH) and Avalanche (AVAX) Compare?</a></li>
</ul>
<p>Keeping perspective through crypto’s inherent volatility remains key; any overreactions still seem unlikely to disrupt XRP’s path over the coming quarters.</p>
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<p>The post <a href="https://captainaltcoin.com/ripple-xrp-dips-6-amid-crypto-market-sentiment-shift-yet-analyst-maintains-bullish-1-4-outlook/" rel="noopener noreferrer nofollow">Ripple (XRP) Dips 6% Amid Crypto Market Sentiment Shift, Yet Analyst Maintains Bullish $1.4 Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple (XRP) Dips 6% Amid Crypto Market Sentiment Shift, Yet Analyst Maintains Bullish $1.4 Outlook

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