XRP Plunges to Multi-Week Low, But a Key Metric Hints at a Potential Rebound

Ripple’s XRP felt the sting of a broader cryptocurrency market sell-off, tumbling to a low of $0.478 recently—its weakest point in over two weeks. While the digital asset has since pared some losses, trading around $0.488 at the time of writing, it still reflects a significant 5% drop over the last 24 hours.

 

This downturn saw XRP’s market capitalization dip below $27 billion, causing it to be overtaken by other major assets in the rankings. The price decline has undoubtedly tested investor resolve, but a critical technical indicator is now flashing a signal that hasn’t been seen since late June, suggesting a potential rebound could be imminent.