XRP Token Slides 3.90% Amid Flash Crash, Elevated Volume, and Resistance Challenges on Binance
XRPUSDT experienced a 3.90% price decline over the past 24 hours, with the current Binance price at 1.9768 USDT, reflecting continued bearish sentiment following a multi-session downturn and a recent flash crash that saw prices briefly fall to 1.8470 USDT. This volatility is attributed to an extended period of corrective trading and technical resistance, with XRP struggling to sustain rallies above key distribution zones and showing underperformance relative to Bitcoin. Despite increased ETF inflows totaling $1.28 billion in the past week, which have enhanced liquidity, persistent selling pressure and failure to break above resistance levels have weighed on the price. Market activity remains elevated, with 24-hour trading volume reported between $1.26 billion and $2.66 billion and a circulating supply of approximately 60.79 billion XRP.