Can XRP defend $2 as $68.8 million in daily profit-taking drains momentum?

XRP is trading at 2.17 USD, showing a slight increase of over 0.5% recently. However, the ongoing profit-taking trend at a rate of 68.8 million USD daily poses a challenge to its potential price growth.

Despite nearly 1 million daily payments and active network metrics, investor sentiment towards XRP remains cautious amid an overall negative outlook for altcoins. Future prospects hinge greatly on regulatory developments surrounding ETFs and upcoming SEC decisions.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts