XRP price fell to $1.38, losing approximately 2.5% over 24 hours, as Asian risk assets faced pressure with South Korea’s KOSPI index declining more than 6%. This relative resilience occurs within a short-term bearish structure, with the price holding within a support zone between $1.35 and $1.38. Crypto exchanges liquidated more than $800 million in leveraged positions over 24 hours, with $694 million in bullish bets accounting for 86% of the total. The key level to watch sits at $1.38, where the 200-day moving average and a trendline converge; a break below $1.3520 would expose $1.20 support.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
