XRP has fallen to multi-month lows, nearing $1.10, as a liquidation-driven selloff intensified. The token's price dropped from $1.17 to $1.11 within 24 hours, briefly touching $1.09 before a slight recovery. The selloff was marked by high trading volumes, typically associated with forced liquidations, rather than orderly selling.
The market sentiment has deteriorated, with the Fear & Greed Index plunging into extreme fear territory. XRP's market capitalization also slipped below $75 billion, falling behind USDC in rankings. Despite $4 million in inflows to XRP ETFs, the broader trend remains bearish, with key support levels turning into resistance. Traders are closely watching the $1.09-$1.10 support zone, as losing this could shift focus to the $0.92 area.
XRP Drops to Multi-Month Lows Amid Liquidation-Driven Selloff
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