XRP slumps as $2.15 level collapses, bearish structure deepens
|XRP fell 3.6% amid heavy selling, breaking the critical $2.15 support level before stabilizing above $2.11.
Despite no major catalysts, broader crypto market weakness and Bitcoin's 'Death Cross' contributed to XRP's decline.
Traders are watching if XRP can reclaim $2.15 to neutralize bearish momentum, as current conditions suggest continued volatility.
XRP breaks critical technical level amid heavy selling pressure, finding temporary support at $2.05 before stabilizing above $2.11 in volatile session.
News background
- No major fundamental catalysts accompanied the decline, though broader crypto markets weakened
- Sentiment remains fragile as Bitcoin’s “Death Cross” heightens risk-off conditions across majors
- Institutional flows rotated defensively with XRP underperforming CD5 despite recent ETF launches
- Analysts warn that support failures across altcoins may signal early-stage distribution cycles
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