XRP Fell 7% This Week and Ethereum Less Than 1%. Why Is XRP the Weakest of the Top Five Cryptos?
Spot XRP ETF buyers vanished as the token fell 7.1%, while a stalled Senate bill and weak tech stocks added pressure, analysts said.
- XRP struggles to hold the $1.19 zone, recently dipping to $1.11 as selling pressure mounts. The token has lost 20.8% over the past 30 days, marking its weakest performance among the top five cryptocurrencies.
- Weak institutional demand exacerbates the decline, with spot XRP ETFs recording zero net flows from November 3 through November 6. This lack of buying interest leaves the token vulnerable to broader market volatility.
- Trading below key technical levels, XRP sits under its 20-day moving average of $1.27 and 50-day moving average of $1.37. Sellers currently control both short- and long-term trends.
- Investors are watching the $1 critical floor, a support level successfully defended in June and August. A failure to hold this area could push the token toward its August low of $0.99.
- The CLARITY Act, which would place digital commodities under the Commodity Futures Trading Commission, remains stalled after a failed Senate vote on September 15. Without new policy catalysts, analysts see limited recovery potential before 2027.
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BizTocXRP Fell 7% This Week and Ethereum Less Than 1%. Why Is XRP the Weakest of the Top Five Cryptos?
While Bitcoin, Ethereum, Solana, and BNB all hold a key long-term trend line, XRP has slipped under it alone. Missing support from fund buyers and a habit of overreacting to Bitcoin may explain why, and two signals could show whether a turnaround is near.
XRP Faces Selling Pressure as Trading Volume Falls
XRP remains under pressure as reduced trading activity limits recovery attempts and leaves buyers struggling to establish stronger upward momentum. Derivatives volume focus continues to be on Binance, while negative spot volume indicates downtrend in the market. Traders are watching $1.15 support and $1.18 resistance as XRP struggles to establish a convincing short-term direction. XRP has been trying to overcome resistance multiple times but wit…
XRP price falling below moving averages with RSI and MACD in weakness. Discover the key levels and current market scenarios.
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