#BinancehodlerSOMI
Why has the price of XRP dropped?
XRP fell by 3.84% to $1.81 in the last 24 hours, underperforming the overall crypto market (-1.59%).
👉 Key factors:
1. Cascade of liquidations across the crypto market - Leveraged positions worth $584 million were liquidated, particularly affecting altcoins.
2. Technical breakdown - It failed to maintain critical support at $1.93, triggering automatic sell-offs.
3. Distribution by large investors (whales) - 1.18 billion XRP were sold by large holders in the last month.
👉 Technical Breakdown (Bearish Momentum).
Summary: XRP fell below its 7-day simple moving average (SMA) of $1.96 and the critical Fibonacci support at $1.93, triggering sell signals. The RSI (34) indicates oversold conditions, although the MACD remains bearish.
🔸What it means:
A bearish flag pattern was confirmed on the 4-hour chart, with a target of $1.62 if the $1.84 level is broken.
Only 23.6% of holders are in profit at current prices, down from 58% a month ago (according to Into TheBlock).
💥Key level: A close above $ could invalidate this bearish structure.
The drop in XRP reflects a combination of leveraged liquidations, technical triggers, and weak relative demand. Although the "fixDirectoryLimit" update on XRPL (activated on December 18) improves long-term utility, it is overshadowed by immediate macroeconomic risks.
Key point to watch: The evolution of BTC's price and XRP's ability to defend $1.84; a breakdown could accelerate losses towards the $1.64 low recorded in 2025.
