Moon_225
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Moon_225
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Why is the price of $XRP falling?Why is the price of $XRP falling •?
#XRP fell 0.81% to $1.39 over 24 hours, underperforming a slightly down overall market. This move was primarily driven by a wave of selling affecting crypto assets amid macroeconomic factors.
1. Main reason: The broad market downturn, fueled by rising U.S. Treasury yields and outflows from #ETF , dragged $XRP down with it.
2. Other factors: Derivatives markets show bearish positions and negative funding rates. The price has also fallen below several key moving averages.
Why is the price of $XRP falling?
Why is the price of $XRP falling •?
#XRP fell 0.81% to $1.39 over 24 hours, underperforming a slightly down overall market. This move was primarily driven by a wave of selling affecting crypto assets amid macroeconomic factors.
1. Main reason: The broad market downturn, fueled by rising U.S. Treasury yields and outflows from #ETF , dragged $XRP down with it.
2. Other factors: Derivatives markets show bearish positions and negative funding rates. The price has also fallen below several key moving averages.
#XRP fell 0.81% to $1.39 over 24 hours, underperforming a slightly down overall market. This move was primarily driven by a wave of selling affecting crypto assets amid macroeconomic factors.
1. Main reason: The broad market downturn, fueled by rising U.S. Treasury yields and outflows from #ETF , dragged $XRP down with it.
2. Other factors: Derivatives markets show bearish positions and negative funding rates. The price has also fallen below several key moving averages.
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