📉💎 XRP Pulls Back After $2.40 Surge — Here’s What’s Driving the Decline
XRP has entered a short-term correction phase after failing to sustain its rally above the $2.40 level, prompting traders to ask: why is XRP falling after such a strong move? 🤔
🔻 Profit-Taking After a Strong Rally
One of the primary reasons behind the pullback is profit-taking. After a rapid upside move, short-term traders locked in gains near resistance, creating selling pressure and slowing momentum.
📊 Key Resistance Rejected
The $2.40 zone acted as a major technical resistance, where buyers struggled to maintain control. This rejection triggered algorithmic selling and stop-loss activity, accelerating the pullback.
🐋 Whale Activity & Market Cooling
On-chain data suggests reduced whale accumulation following the rally. At the same time, broader crypto market momentum cooled, limiting follow-through buying for XRP.
⚠️ Is the Trend Broken?
Not necessarily. As long as XRP holds above the $2.10–$2.15 support range, the broader bullish structure remains intact. A period of consolidation could actually strengthen the next breakout attempt.
🔮 What’s Next for XRP?
Bullish scenario: Hold above support → renewed push toward $2.40
Bearish scenario: Lose $2.10 → deeper correction toward $1.95
For now, XRP’s pullback looks like a healthy reset rather than a trend reversal 📈.
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