boogeyman

Recently, XRP's price has clearly weakened after multiple attempts to break through around $1.95. On Saturday evening, the price ended several days of range-bound trading, breaking below the key support level of $1.93, with trading volume increasing simultaneously, indicating that selling pressure has begun to dominate. Against the backdrop of a polarized rise and fall in the overall Crypto Assets market and a cooling of risk appetite, XRP's weak performance is particularly prominent.

From the market environment perspective, Bitcoin's rebound is weak, and mainstream altcoins are facing selective sell-offs rather than a systemic collapse. Analysts point out that since the beginning of this month, when XRP fell below the psychological barrier of 2.00 dollars, the sustainability of the rebound has been significantly lacking, with multiple highs quickly retreating, reflecting insufficient confidence in high-level buying.