What to know:
- XRP took a nosedive of 3.7% in the last 24 hours, plummeting from a high of $2.288 to a cozy $2.260 after being told “not today” at the $2.33 resistance level—three times, no less! Talk about rejection issues! 😂
- All this drama is fueled by the anticipation of a possible spot ETF decision and some regulatory wins. It’s like waiting for a text back from your crush—will it happen or will you just be left on read?
- Traders are now glued to their screens, wondering if XRP’s support at $2.25 can withstand the ongoing bearish pressure. It’s like watching a soap opera, but with more numbers and less romance.
XRP
fell 3.7% over the past 24 hours, reversing from a daily high of $2.288 to close near $2.260 after three rejections at the $2.33 resistance level. It’s like trying to get into an exclusive club and being turned away at the door—three times! 😅
Despite forming a short-term double bottom at $2.250, the declining recovery volume suggests that the bears are still in charge, and they’re not going anywhere soon.
News Background
- XRP’s sharp pullback follows days of heightened volatility fueled by anticipation over a possible spot ETF decision from Franklin Templeton, expected later this month. It’s like waiting for the next season of your favorite show—will it be worth it?
$2.285). It’s like a bad haircut that just won’t grow out.
• A double bottom at $2.250 developed in the final hour, triggering a partial recovery. It’s like finding a dollar in your old jeans—unexpected but welcome!
• Selling peaked at 01:31–01:33 with over 7M units traded. That’s a lot of action for a late-night infomercial!
• Recovery began at 01:53 with higher lows forming, though volume declined on the bounce. If $2.25 fails, the downside target sits near $2.234. It’s like trying to catch a falling star—good luck with that!
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2025-06-12 11:13