🔻Why is XRP dropping?

Swift sell-offs are triggered by liquidations
Within a few hours, XRP experienced its biggest single-day fall since April, plunging by more than 10%. Due to traders being caught on the wrong side of the trade, this decline set off a series of leveraged long liquidations that totaled more than $100 million.

▫️Upside Resistance at $3.60 Caps
The rally to $3.56 was rejected just below the $3.60 level, which remains the key resistance cap. Multiple failed attempts to reclaim this area led to increased selling pressure, pushing the price back toward $3.20.

🔹ETF caution and regulation uncertainty
Interest has increased due to laws such as the Genius Act and the optimism surrounding spot XRP latest news about ETFs. But there is still uncertainty. Short-term caution is being fueled by cautious ETF momentum and upcoming policy choices (like the Clarity Act), which is causing profit-taking and market risk-off behavior.

🔸Wider Risk-Off Attitude

Altcoin risk perception increased as a result of Bitcoin’s decline (2–3%) and declining dominance (below 60%). Alongside Solana and Dogecoin, XRP has closely followed this trend, declining by more than 3–4% in several sessions.

📉 XRP price prediction this week
XRP’s current range between $3.16 and $3.30 suggests near-term consolidation. The 20-day EMA and trendline support are converging around $3.15–$3.17, making this a critical area to watch.

If bulls can hold this zone and reclaim $3.30, a move back toward $3.40 is possible. On the other hand, a breakdown below $3.00 would invalidate the bullish structure and increase the risk of a fall toward $2.75 or lower.
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