🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
🚨$XRP Getting Crushed: Weekly Chart Breakdown
$XRP is taking a beating right now, down over 7% in the last 24 hours to $2.317. Let me show you what's happening.
What the Chart Tells Us:
The weekly view shows XRP got rejected hard from the $3.66 high and has now broken below a critical support level at $2.82 (the middle Bollinger Band). This is a major red flag that sellers are in control.
The RSI at 32.4 is diving into oversold territory—meaning the selling pressure is intense and relentless. This is why we're seeing such a sharp drop.
Volume confirms it: heavy red bars show real selling, not just a minor pullback.
Where's XRP Headed?
The next stop looks like $2.17 (lower Bollinger Band). If that breaks, things could get uglier. The path of least resistance right now is definitely down.
Any Hope?
Here's the thing: when assets get this oversold and hit major support levels, smart long-term buyers start paying attention. These deep dips can create buying opportunities—but only if you're patient and thinking months ahead, not days.
Quick Stats:
- Current: $2.317 (-7.13%)
- 24h High: $2.526
- 24h Low: $2.245
- Volume: 79.62M XRP
Right now, caution is key. XRP needs to reclaim $2.82 to show any signs of recovery.
#XRP #Crypto #TechnicalAnalysis #GateIo #GovShutdownOfficiallyEnded