XRP flashes signal that last triggered 68% price drop

💡 DMK Insight

XRP’s cost-basis metric flashing bearish is a big deal right now. With XRP currently at $1.95, the weakening technical structure suggests that bulls might struggle to hold the line at key support levels. If we see a drop below this level, it could trigger further selling pressure, especially with recent spot ETF outflows indicating a lack of institutional interest. Traders should keep an eye on volume trends; if outflows continue, it could signal a broader market sentiment shift. On the flip side, if bulls manage to defend this support, it could set up a potential bounce back, but that’s a big if. Watch for a decisive move either way—if XRP breaks below $1.85, it could open the floodgates for a deeper correction. Conversely, a rally back above $2 could reignite bullish momentum. The next few days are crucial for determining XRP’s trajectory.