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.

3. Short-term outlook: If $XRP holds above the support level of $1.40, its price could stabilize ahead of the #XRPL Batch upgrade scheduled for October 9. If it falls below this threshold, it could decline toward the $1.32 to $1.27 range.