🚨 HOT NEWS: XRP DROPS DEEPLY—BOTTOMING OR CUTTING LOSSES?
XRP is trading around $1.00 – $1.02 USD (-4.8% this week, down 58% from the peak of $2.41).
📊 Quick data (11/08/2026):
* Market cap: ~$64.36B (Top 6)
* 24h volume: ~$904.9M
🔍 3 Key reasons:
* Escrow unlocked: Ripple net-sold 300M XRP at the start of the month, raising concerns about supply dilution.
* Macro pressure: Postponing votes on digital-asset policy in the U.S. triggered a high-risk profit-taking wave.
* Bad technicals: Price broke below $1.05, under the 50/200-day SMA, triggering a chain of stop-loss orders.
📌 Important levels:
* Strong support: $0.95 – $0.98 (A break below $0.95 would trigger heavy selling).
* Recovery resistance: Needs to reclaim $1.12 – $1.15.
#BinanceSquare #XRP #Ripple #CryptoNews #Trading
XRP is trading around $1.00 – $1.02 USD (-4.8% this week, down 58% from the peak of $2.41).
📊 Quick data (11/08/2026):
* Market cap: ~$64.36B (Top 6)
* 24h volume: ~$904.9M
🔍 3 Key reasons:
* Escrow unlocked: Ripple net-sold 300M XRP at the start of the month, raising concerns about supply dilution.
* Macro pressure: Postponing votes on digital-asset policy in the U.S. triggered a high-risk profit-taking wave.
* Bad technicals: Price broke below $1.05, under the 50/200-day SMA, triggering a chain of stop-loss orders.
📌 Important levels:
* Strong support: $0.95 – $0.98 (A break below $0.95 would trigger heavy selling).
* Recovery resistance: Needs to reclaim $1.12 – $1.15.
#BinanceSquare #XRP #Ripple #CryptoNews #Trading