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XRP Price Crashes 69% From its Peak

Published by
Sohrab Khawas

XRP price is trading near $1.34 after dropping about 69% from its $3.66 peak. Price has fallen below the $2 support and is now testing a key higher-timeframe demand zone. On-chain data from Santiment shows the Ripple network just recorded its biggest realized loss spike since November 2022, with $1.93B in weekly losses. Key level to watch: $0.66. Holding above it keeps the bullish case alive.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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