Why Is XRP Dropping? Correction or Deeper Issues?

[umair]

Why Is XRP Dropping? Correction or Deeper Issues?

Hey community,

XRP continues to face downward pressure resulting in its value dropping considerably over the previous 24 hours. Three factors contribute to XRP's price decline: strong resistance levels, market-wide decreases and unresolved SEC legal disputes with Ripple during its ongoing court proceedings.
The current XRP price pullback is due to the RSI indicator signals indicating overbought territory. Some traders exit their positions because of ongoing uncertainty about Ripple's ability to achieve legal clarity in the United States.

Multiple signs indicate a broad negative attitude throughout the altcoin sector—most tokens including XRP display price corrections following their recent gains. The current situation between unregulated U.S. regulations of Ripple and traders' confusion drives many investors to sell their Ripple token holdings.
XRP maintains one of the most devoted crypto communities, although favorable court decisions could reverse its value. The market demonstrates a cautious approach.

What do you all think?

• Is this a temporary correction, or a signal of more profound weakness in XRP?
• Are you buying the dip, holding, or staying out?
• Could further SEC updates cause more volatility ahead?

Let’s dive into the charts and share your thoughts. Stay sharp, traders.