XRP faced significant selling pressure today, declining 5% to trade at $2. 47 after bears successfully breached a key technical support level that had held for several sessions.The breakdown triggered a wave of selling across altcoin markets, highlighting the ongoing volatility in the digital asset space. Market analysts point to several factors contributing to the move, including shifting market sentiment and broader cryptocurrency market outflows.Technical indicators suggest the breach could signal further near-term weakness unless buyers can reclaim the lost support zone. The decline reflects the current risk-off environment across digital assets, with traders closely monitoring whether this represents a temporary correction or the beginning of a more sustained downtrend for XRP and similar altcoins.
#featured
#XRP
#price drop
#support level
#cryptocurrency market
#bearish trend
#altcoin performance
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