XRP faces intense sell pressure as Bank of Japan rate hike fears weigh on markets, forcing a crucial retest of the $1.80 breakout level.
What's Happening:
Price dips to $1.80, a -2.75% daily change
Fears of BoJ rate hike impacting "carry trade" assets
XRP ETFs surpass $1B in AUM, showing strong institutional demand
XRP Ledger "amendment block" issue resolved, confirmed as safety feature
Why It Matters: The divergence is stark: retail is fleeing on macro fears (Yen/BoJ), while institutions are buying record amounts via ETFs. $1.80 is the "line in the sand" that separates a healthy retrace from a deeper correction.
Technical View: $XRP must hold the $1.80-$1.85 zone to maintain its bullish structure. A bounce here could target $2.00 again. A daily close below $1.75 triggers alarm bells.
🎯 Key Levels:
Support: $1.77 | Resistance: $1.95
24h Range: $1.77 - $1.89
💡 When in doubt, zoom out. Structure is king
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#XRP #Ripple #CryptoNews #Finance #Trading
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
