Why Is XRP Down? Market Factors Explained

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XRP price is down 5% today and resistance from the 50-day SMA points to a deeper correction in the short term.

XRP is underperforming the crypto market on Feb. 24, down 5% in the last 24 hours to trade at $2.49.

XRP has seen losses after being rejected by the resistance level at $2.60 over the last few days.

Other top-cap cryptocurrencies are also down, with the global crypto market capitalization dropping 1.8% to $3.15 trillion.


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