$XRP just hit a new 24-hour low. It’s now at 1.286, just a hair above the previous low of 1.284.
At the same time, Ripple is rolling out RWA perpetual contracts aimed at institutions. The news is making waves, but the price has already dropped 5.29%.
That initial break below the previous low is the easiest time to get faked out. If it can’t reclaim 1.284, any bounce is probably just bait for people to catch a falling knife.