Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
 3 Bullish Targets, Ethereum’s (ETH) 300-Day Record Broken
Crypto market dives deep
While transaction costs and settlement speeds are still favorable, it appears that both large holders and retail participants are using network liquidity to offload their positions. Increased transfer activity during a downtrend frequently indicates that money is leaving the asset rather than coming in, which supports the pessimistic view.
Additionally, the larger technical structure is still brittle. Previous support levels are now serving as resistance, and XRP is still trading below key trend indicators. Any short-term recovery runs the risk of turning into just another relief rally inside an ongoing downtrend if the $1.60-$1.70 zone is not firmly reclaimed. In the future, if sentiment on the cryptocurrency market declines once more, the situation may worsen.
If buyers do not quickly regain control, the combination of ongoing selling pressure and already shaky technical support could lead to more significant corrections. Theledger for XRP may be active right now, but the price action paints a more somber picture: participation is high but confidence seems to be ebbing, and unless market conditions change rapidly, the asset may continue to struggle in the sessions to come.