XRP Drops 5.97% to $1.37, Loses Short-Term Moving Averages
- —XRP fell 5.97% to $1.37 on $4.49 billion in volume
- —Daily volume was 19.73% above the 30-day average
- —Price sits below the 7-, 15-, 30- and 50-day SMAs but above the 90- and 200-day
- —Evernorth's SPAC lost 50% before its Nasdaq debut with an XRP treasury
Why it matters: The break below short-term averages raises the risk of further downside; a recovery above $1.42–1.49 would signal stabilization.
Source: DiarioBitcoin