XRP Falls 6% to $1.42 as Analyst Keeps $27 Long-Term Target
- —XRP lost the $1.50 area and slid to $1.42, with $1.40 emerging as the next support
- —Most XRP liquidations came from leveraged longs, adding forced selling
- —Brent crude topped $104 while U.S. Treasury yields stayed near multi-decade highs
- —The $27 target is based on long-term technical structure, not current fundamentals
Why it matters: XRP's drop tracks macro pressure across crypto; holding $1.40 will determine whether the correction extends toward $1.30.
Source: Coinpaper
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