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It has dropped sharply in the last 24 hours — one recent report shows a 7.2% decline, from ~$2.21 down to near ~$2.05.
Trading volume spiked: one source reports a ~92% jump in daily volume, indicating a lot of activity (and possibly panic selling).
Market sentiment has turned cautious: after losing key technical support levels that held in October/November, some analysts warn that if XRP breaks below ~$2.00 support, a further drop toward around $1.77 is possible.
🔎 What’s influencing the drop
A big factor seems to be a technical breakdown: XRP recently slipped out of its bullish price channel.
Liquidity is thinning: there are signs of heavy outflows from exchanges and “large-scale selling,” which increases volatility risk.
The broader crypto market environment remains shaky — with risk-off sentiment, macroeconomic uncertainty, and weak momentum in altcoins — which puts pressure on XRP too.
📆 What analysts expect next
Short-term outlook: As long as XRP holds around $2.00, there’s a chance for a bounce. Some expect a rebound toward $2.50–$2.60 if demand picks up.
Mid-term (this month): One recent analysis argues that December could bring a recovery — but only if XRP clears resistance near $2.46. If it doesn’t, consolidation or continued weakness is possible.
Long-term (2026+): More bullish scenarios from some forecasts suggest that if market conditions improve and broader adoption of crypto continues, XRP could revisit higher levels — though volatility is expected to remain.
⚠️ Key Risks to Watch
If the $1.77**.
Low liquidity and heavy outflows increase risk of sharp swings (both up and down).
Broader macroeconomic factors (interest rates, crypto-market sentiment, global finance) could weigh on all cryptos, not just XRP.$XRP
It has dropped sharply in the last 24 hours — one recent report shows a 7.2% decline, from ~$2.21 down to near ~$2.05.
Trading volume spiked: one source reports a ~92% jump in daily volume, indicating a lot of activity (and possibly panic selling).
Market sentiment has turned cautious: after losing key technical support levels that held in October/November, some analysts warn that if XRP breaks below ~$2.00 support, a further drop toward around $1.77 is possible.
🔎 What’s influencing the drop
A big factor seems to be a technical breakdown: XRP recently slipped out of its bullish price channel.
Liquidity is thinning: there are signs of heavy outflows from exchanges and “large-scale selling,” which increases volatility risk.
The broader crypto market environment remains shaky — with risk-off sentiment, macroeconomic uncertainty, and weak momentum in altcoins — which puts pressure on XRP too.
📆 What analysts expect next
Short-term outlook: As long as XRP holds around $2.00, there’s a chance for a bounce. Some expect a rebound toward $2.50–$2.60 if demand picks up.
Mid-term (this month): One recent analysis argues that December could bring a recovery — but only if XRP clears resistance near $2.46. If it doesn’t, consolidation or continued weakness is possible.
Long-term (2026+): More bullish scenarios from some forecasts suggest that if market conditions improve and broader adoption of crypto continues, XRP could revisit higher levels — though volatility is expected to remain.
⚠️ Key Risks to Watch
If the $1.77**.
Low liquidity and heavy outflows increase risk of sharp swings (both up and down).
Broader macroeconomic factors (interest rates, crypto-market sentiment, global finance) could weigh on all cryptos, not just XRP.$XRP
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