XRP Price Loses Key Support: The Drawdown May Not Be Over Yet

XRP worth is bleeding. The token is altering palms at $1.21–$1.24 because it losses 2% at the moment, and the weekly chart seems worse, down 7%.

The selloff accelerated since earlier this week, extending a downtrend that started mid-May when XRP peaked at $1.55. Since that native prime, the token has sliced via a important assist zone and hit its lowest worth since February.

All the above put the cumulative drawdown at over 66% from its all-time high final yr. However, the drop is broad-based: whole crypto market cap has collapsed from above $4 trillion to only $2.4 trillion as most altcoins are down double digits alongside XRP.

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