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Why XRP Is Falling?
XRP recently recorded the largest drop among major cryptocurrencies this week, with a mix of technical and fundamental factors contributing to its decline. Market-wide corrections led to increased sell pressure, but XRP’s fall was exacerbated by regulatory uncertainty surrounding Ripple and decreased trading volume.
In addition to these factors, profit-taking by short-term investors who had previously benefited from the cryptocurrency’s price spikes also contributed to the sell-off. Meanwhile, other assets demonstrated resilience and managed to hold their ground, whereas XRP struggled to maintain key support levels, raising concerns about potential further decline if market sentiment does not improve.
It is essential for traders and investors to be aware of these factors and consider them when making decisions regarding their investments.
Source: https://coinpedia.org/crypto-live-news/why-xrp-is-falling/
