XRP is really falling without any mercy! It plummeted 4.3% in 24 hours, breaking through the crucial $2 support level that had been holding for days. Selling pressure is maxed out, and the bulls look like they're about to give up~ Free group +Q:3260353596
Why such a steep drop? Turns out, $584 million fled overnight, long-term liquidation volumes surged, and many traders got caught completely off guard by this decline. The bulls were fighting hard to defend $2, but buying interest was pitifully low—forget a rebound, it was even hard to stabilize. Even more painful, yesterday's trading volume doubled, hitting $3.9 billion, and after the bears broke through, the selling pressure intensified!
But there's a strange contrast: even though the price is in the gutter, XRP's ETF has seen net inflows for 21 consecutive days! Institutions and long-term holders are quietly buying the dip, showing that big players in the regulated market still have confidence in it~
? Key Levels to Watch! A Break Below $1.86 Could Mean Another 10% Drop?
Looking at the 4-hour chart, after breaking below $2, the focus is squarely on the $1.86 support level. The bulls have no choice but to defend this line now—if it fails, the next stop could be the October 10 low of $1.58, which would mean another 10% drop in the short term. Just thinking about it hurts!
A small silver lining: the RSI has now dropped to 21.5, indicating extreme oversold conditions. The previous two times it hit this level, the price bounced back slightly, so maybe there's a chance for a small dip-buying opportunity this time? But that depends entirely on holding $1.86; otherwise, it's all for nothing.
Also, many crypto investors are starting to shift to new opportunities, like the presale meme coin Maxi Doge ($MAXI), which has already raised over $4 million. Some analysts say it resembles the early days of Dogecoin, so those interested might want to keep an eye on it~
To sum up: XRP is currently a tug-of-war between "institutions buying the dip vs. retail selling." The key is whether $1.86 can hold. Don't blindly buy the dip—wait for clear signs of stabilization before jumping in, or you might get burned again! Free group +Q:3260353596
