Crypto
XRP Price Drops 5%, Faces Key Support Level Amid Market Volatility
XRP's price took a hit on July 28, falling by about 5% to $1.05 due to a broader market selloff and forced liquidation of leveraged long positions.
The decline also broke a key support level near $1.054 and pushed XRP into oversold territory.
A double-top technical pattern was identified as a bearish momentum signal, adding to the downward pressure on the asset's price.
XRP now faces immediate support between $1.043 and $1.05, with resistance near $1.075 and $1.098.