Bitcoin
XRP Declines Amid Broad Market Weakness and Exchange Inflows
Large exchange deposits, leveraged liquidations, and cautious market sentiment ahead of central bank decisions pushed XRP lower over the last 24 hours.
XRP dropped 1.39% over the past 24 hours to trade at $1.32, moving lower alongside a 1.26% dip in Bitcoin and a 1.07% contraction in total cryptocurrency market capitalization. The weakness coincides with broader investor caution leading up to the Federal Reserve's policy announcement scheduled for October 28.
The price decline was accompanied by an increase in deposits to Binance from large token holders, alongside $4.9 million in liquidated leveraged long positions. Technical levels highlighted by the source show XRP nearing support at $1.30, with a potential rebound toward $1.37 to $1.40 if maintained, or further downward exposure toward $1.25 if breached, while traders continue monitoring XRP ETF flows.
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