XRP Plunges 13% In A Week: What Is Going On?

Benzinga_recent_news02-05 22:56

XRP (CRYPTO: XRP) has erased all post-elections gains by plunging 13% in a week, yet Santiment data shows sentiment turning optimistic. Santiment reported that while sentiment turned extremely bearish...

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XRP now targets this critical threshold, and a break below triggers panic selling, potentially accelerating the move toward the $0.50-$0.70 support zone.\nThe RSI at 30.17 shows XRP approaching oversold territory but hasn’t reached extreme levels yet. \nWhile suggesting oversold conditions are near, RSI can remain at these levels for extended periods in strong downtrends.\nImmediate resistance sits at $1.62-$1.73 (broken support turned resistance), followed by $2. \nXRP initially rallied on Donald Trump’s election victory in November 2024, pushing toward $3.5 and eventually peaking at $3.65 in July. \nSince then, the token has been in a downtrend that accelerated in recent weeks.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2609723301","isCrawlerRequest":true}