Hold on to your seats, family! 🚀 The critical zone we all had marked, that psychological support of $2.00, has just been broken. Yes, we are talking about XRP which, in the last 24 hours, not only fell by 5.1% but did worse than the rest of the market. Why is this a drama? Look at the chart we have here: that blue strip between $2.00 and $2.10 was the wall that had been stopping the fall for months. With its break, a precipice opens up that, according to the technical arrow, could take us to test the $1.00 zone, although the immediate key support is at $1.83. Fear has been triggered. 📉

There is no mystery here; there are three bombs that detonated at the same time. First, the technical breakdown. Falling below $2.00 (which is a key Fibonacci level) was like pressing the panic button. The RSI is at 39.28, the weakest in a year! This not only confirms the weakness but also triggered all automatic stop-losses. Professional traders are currently dodging the asset. The three-week consolidation pattern... Goodbye! 👋

Second, the move of the 'Whales' 🐳. When large investors start moving millions, attention must be paid. More than 30 million XRP were moved to exchanges like Coinbase. This is a clear sign of profit-taking. They are exiting, creating a huge wall of resistance for anyone wanting to push the price up. It's like in the middle of a race, the leaders stopped to sell their sneakers. Fortunately, the institutional investors (those with ETFs) haven't moved, which gives us a breath of relief that it's not a total sell-off.

And third, the general panic in the market. With $573 million liquidated in crypto (mostly in long positions), people are in 'Extreme Fear' (24/100 on the Fear and Greed Index). When Bitcoin sneezes, XRP catches pneumonia, and with a correlation of 0.89, it hit hard. Investors are rushing to put their capital into 'safe' places before important economic data comes out in the U.S.

What do we do now? The breakdown of the $2.00 support is the ugliest news. Even though the coin is 'oversold' (which could generate a bounce), if we don't recover that $2.00 quickly, we're going to test the annual low of $1.83. If that level doesn't hold, the big question that remains is: Will the regulatory uncertainty about Ripple finally sink us?