This week, most major cryptocurrencies faced small decreases in their prices. Bitcoin stayed relatively stable with a slight increase of 3.86%. Ethereum, Litecoin, Solana, Bitcoin Cash, and Uniswap saw minor drops ranging from -0.15% to -2.40%. However, XRP stood out as it experienced a significant drop of 11.37%, which was much larger compared to the other cryptocurrencies. This decline was due to XRP’s price falling below a crucial level, signaling a potential downward trend. Technical indicators also suggested negative momentum, indicating more selling pressure than buying interest. These factors combined led to XRP’s notable decrease while other cryptocurrencies had more moderate fluctuations in their prices.
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