XRP Price News: Ripple Plunges 8% as Bitcoin Falls Under $107,000

XRP fell nearly 8%, breaching the critical $2.46 support level amid intensified institutional selling and negative macro signals from the Federal Reserve. The broader crypto market reacted poorly to these signals, despite some improvements in US-China trade prospects. This drop in XRP followed a sharp decline from approximately $2.65 to $2.48, influenced by two intense selling waves and a considerable volume spike of around 392.6 million tokens, nearly 400% of its daily average. The technical analysis indicates a confirmed sell-signal scenario with resistance now detected near $2.46-$2.50 and potential downside targets between $2.30-$2.40 if current support fails. Traders are advised to approach with caution, as any recovery must surpass the $2.50 mark to relieve the selling pressure, or else the path towards further decline becomes probable.

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