XRP Falls Below $3 Amid Whale Sell-Offs
- Whale sell-offs and ETF uncertainty have affected XRP prices, breaching the $3 mark.
- Market uncertainty stemming from regulatory challenges is increasing volatility.
- Liquidations and bearish sentiment suggest potential for further price declines.
XRP has fallen sharply below $3 amid whale sell-offs and ETF-related uncertainty, testing the $2.8–$2.9 support range across major trading platforms.
This decline highlights heightened market volatility and bearish sentiment, with regulatory risk and large sell orders further jeopardizing XRP’s stability in the immediate future.
Whale sell-offs and ETF-related uncertainties have caused XRP to fall below $3, with further downside risk amid market volatility.
The event signals potential vulnerabilities in XRP’s price, with build-ups of institutional liquidations heightening urgency.
XRP Price Plunges Below $3 Amidst Whale Activity
Whale sell-offs are driving XRP’s price below $3 due to uncertainty from SEC actions against Ripple.
Ripple’s executive team has not provided official statements addressing the regulatory challenges or price action shifts. “The SEC has filed an appeal against the Ripple ruling, adding renewed uncertainty to XRP’s legal standing.”
Bearish Sentiment Rises as Funding Rates Turn Negative
The price decline has led to increased bearish sentiment across trading platforms and affected other major cryptocurrencies.
Institutional traders expect further losses, as indicated by negative funding rates on platforms like Binance and BitMEX.
Past Regulative Shocks Hint at Potential Price Recovery
Past regulatory events have caused sharp XRP corrections, often leading to rapid recoveries once legal clarity is restored.
Historical trends point to potential further declines if no regulatory resolutions occur, impacting investor sentiment negatively.
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