$XRP has experienced a sharp drop of over 11% in the past 24 hours, breaking through its 200 EMA support at $1.19 and trading below $1.80. This signals a bearish reversal, with the possibility of further declines.


The entire crypto market is facing a major correction, with $1.33 billion in liquidations in just one day, triggered by rising U.S.-China trade tensions and the impact of new tariffs. XRP's decline is also tied to growing negative sentiment towards altcoins, with its previous potential recovery now looking like a bearish trap. The next key support level to watch is $1.50.


#XRP #Ripple

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April 07, 2025 at 10:33 AM
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