Great revelation..

The secret of XRP price drop: double blow of rumors and market liquidation
Bull market operation skills, click on the avatar to enter the live broadcast
On January 18th, the price of XRP fell by 7.25%, from $3.18 to $3.05, due to market overreaction to rumors about the Trump administration possibly including cryptocurrencies in the US strategic reserves. Despite the report by the New York Post suggesting XRP may be included in this plan, no evidence was provided, leading to a cooling of investor sentiment.
Previously, due to Trump's imminent inauguration, market sentiment was once optimistic, and the price of XRP rose more than 45% earlier in January, approaching the historical high of $3.55. However, the lack of confirmed news and political controversies surrounding Trump and Ripple, especially the reports on donations to Vice President Kamala Harris, caused XRP's upward momentum to plummet.
At the same time, the liquidation of the XRP derivatives market has also exacerbated the decline. According to CoinGlass data, over $17 million of long positions were liquidated in the past 24 hours, adding to the downward pressure on prices.
Technically, there is a divergence between the relative strength index (RSI) of XRP and its price trend, suggesting a weakening upward momentum. The current XRP price is far above its 50-day moving average ($2.28), which may indicate a high risk of price retracement of up to 30%. Historically, similar situations have led to a pullback after excessive price increases. #打榜优质内容