XRP has fallen 16% in the past 24 hours, currently trading at $2.07, due to heavy selling pressure from the Bybit hack last Friday. The decline has not only affected XRP but also the entire crypto market.

Bearish momentum spreads across the crypto market

According to CoinCodex, the total crypto market capitalization has fallen 2.6% to $3.1 trillion. Bitcoin (BTC) has also seen an 8.3% drop in the past day, but still maintains a dominance of 60.5%.

Other digital assets such as Ethereum (ETH), Solana (SOL), and BNB (BNB) have fallen 28.5%, 28.3%, and 14.1%, respectively, since January.

XRP Trading Volume Spikes

Despite the XRP price drop, trading volume has surged 187.4% in the past 24 hours, demonstrating a strong intraday sell-off. Data from CoinGlass shows that $57.6 million worth of XRP long positions were liquidated in the past 24 hours.

Technical View: Will XRP Continue to Fall?

Today's drop has pushed XRP below the key support level of $2.50, signaling the risk of a further 20.2% drop. However, XRP still has support zones around $1.70 - $2.00, where buyers tend to accumulate.

Momentum indicators like RSI and MACD are showing further weakness, especially as RSI has fallen below the signal line.

MIND of Pepe ($MIND): New Opportunity Amid the Storm

Amid the sell-off, MIND of Pepe ($MIND) is still attracting attention as it raised nearly $7 million in less than 45 days.

MIND of Pepe ($MIND) is an AI-powered cryptocurrency project that helps users find early investment opportunities in the meme coin space. Its AI agent interacts with influencers on X, detects new trends, and creates new tokens for $MIND holders.

Currently, the presale price of $MIND is $0.0033992, offering strong upside potential when it is listed on the exchange.

Investors can buy $MIND with ETH, USDT, or BNB or use a bank card on the official MIND of Pepe website.