Why XRP price is crashing
After experiencing one of the most remarkable non-meme coin cryptocurrency market rallies of 2024, XRP has entered into a steep crash in the daily chart. Indeed, trading at $2.37, the token has dropped by a significant 7.56% in the last 24 hours. The fall only becomes starker once the fact that on December 3 – just two days before – XRP stood at $2.82, as it indicates a total collapse of 16% from the recent highs. XRP 24-hour price chart. Source: Finbold Still, the sudden downward shift is, perhaps, not surprising as the recent rally ensured the cryptocurrency’s relative strength index (RSI) crossed above 70, signaling it is significantly overbought. Picks for you $8 billion of BTC shorts at risk as Bitcoin climbs toward $110,000 2 hours ago ...