CandleFocus XRP Price Crash Below $2.25, Eyes on $1.90 Support
2025-02-27
Author: Content Editor
XRP, the native token of Ripple Labs, is facing a potential 15% price decline due to a bearish market sentiment and recent breakdown below a crucial support level of $2.25. Despite this, on-chain metrics show that exchanges have seen an outflow of $65 million worth of XRP, indicating potential accumulation by long-term holders and investors. The overall crypto market has also declined, with Bitcoin breaking its crucial $90,500 support level. XRP is currently trading around $2.18 and its trading volume has decreased by 8% in the past 24 hours. Open interest in XRP is also at its lowest level in 2025, suggesting traders are less interested in betting on the asset.
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