🚨 XRP IS FACING SELLING PRESSURE – A BUY-THE-DIP OPPORTUNITY OR MORE DOWNSIDE?
XRP is trading around $1.17, down about 4.03% over the past 24 hours (7/11).
📉 According to CoinMarketCap data, XRP is under pressure from weakness in altcoins, negative sentiment following reports that around $50 million worth of stolen XRP was swapped for BTC, and lackluster ETF inflows.
🎯 Spot scenario:
* Support: $1.17; next at $1.11.
* Consider buying only if the price reclaims $1.20 and volume confirms the move.
* If $1.17 breaks, it may be best to stay on the sidelines and wait for stability.
SM Crypto’s assessment: It’s not an ideal time to buy the dip just yet.
👉 Do you think XRP will recover or keep falling?
#XRP #Ripple #Crypto #SpotTrading #SMCrypto
XRP is trading around $1.17, down about 4.03% over the past 24 hours (7/11).
📉 According to CoinMarketCap data, XRP is under pressure from weakness in altcoins, negative sentiment following reports that around $50 million worth of stolen XRP was swapped for BTC, and lackluster ETF inflows.
🎯 Spot scenario:
* Support: $1.17; next at $1.11.
* Consider buying only if the price reclaims $1.20 and volume confirms the move.
* If $1.17 breaks, it may be best to stay on the sidelines and wait for stability.
SM Crypto’s assessment: It’s not an ideal time to buy the dip just yet.
👉 Do you think XRP will recover or keep falling?
#XRP #Ripple #Crypto #SpotTrading #SMCrypto