ChainCatcher message, according to Gate market data, XRP/USDT is currently quoted at $1.999, a 24-hour decrease of 3.15%.
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XRP is under selling pressure during the market-wide correction: What's next?
Ripple (XRP) is increasing selling pressure as it slips below the important threshold of $1.40, trading around $1.37 at the time of recording on Friday. This development extends the correction since the weekly peak of $1.61 established on March 17, reflecting a clear weakening trend. At the same time, XRP also cannot hold its position.
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XRP Today News: Leverage Ratio Drops 78% Sharply, On-Chain Transaction Volume Hits a New Annual High
XRP derivatives market leverage drops to its lowest level in nearly nine months, indicating that the market overheating pressure is easing. At the same time, XRPL’s weekly transaction volume reaches 19 million, driven by Ripple’s business progress and new partnerships. However, the technical risk XRP faces lies in its head-and-shoulders top pattern; the key support level is between $1.37 and $1.40, and a break below could lead to a pullback.
MarketWhisper2h ago
