CandleFocus XRP Crash Incoming? Price Fails to Hold $2.20 Level
2024-12-26
Author: Content Editor
XRP's price has been declining, which could be attributed to the upcoming unlock of 1 billion tokens and the liquidation of traders' positions. The cryptocurrency market as a whole is facing a significant decline. XRP is currently trading near $2.153, with a price decline of over 6.8% in the past 24 hours. Trading volume has increased, indicating concerns about a potential price decline. XRP's open interest has dropped by 31%, suggesting liquidation of positions. If XRP closes below $2.15, there is a strong possibility of a 14% drop to the $1.88 mark. However, the bearish thesis will be invalidated if it does not close below $2.15.
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