XRP Drops 5% to Test $1.14 Support Amid Heavy Liquidations and Bearish Pressure
By
Kevin Helms
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
XRP experienced a sharp decline, testing support near $1.14, driven by heavy long liquidations, persistent selling pressure, and a bearish market structure characterized by lower highs. The cryptocurrency was trading at $1.15712, down 5.19% over 24 hours, after breaking below several key short-term support levels. The article covers the technical breakdown and market dynamics behind the sell-off.
Key quotes
· 3 pulledXRP extended its decline, testing support near the $1.14 level, as heavy long liquidations, persistent selling pressure, and a series of lower highs reinforced the cryptocurrency's bearish market structure.
At 10:09 p.m. on June 3, XRP was trading at $1.15712, extending a sharp decline that has dominated recent sessions.
The cryptocurrency was down 5.19% over the past 24 hours, with a daily high of $1.24726 and a low of $1.14092.
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