The post Ripple Drops as Bitcoin Weakness Pulls Majors in Oversold Levels appeared on BitcoinEthereumNews.com. Technical reversal signals emerge amid extreme oversold conditions following an aggressive institutional distribution wave. News Background • Whale wallets dumped nearly 200 million XRP (~$400M) over 48 hours, triggering acute supply pressure• Market-wide risk-off intensified as Bitcoin slipped below $90,000, pulling altcoins into deeper volatility• Bitwise’s new XRP ETF posted $25.7M first-day volume and $107.6M AUM, signaling strong institutional demand• Sentiment across majors remains fragile, with total crypto market cap still drifting under heavy outflows Price Action Summary • XRP fell from $1.96 → $1.91, marking its lowest close in three sessions• Volume spiked 67% above average to 182.1M, confirming institutional selling• A descending channel dominated the session with 5.1% intraday volatility• Capitulation bottom formed at $1.895, followed by a 0.5% late-session reversal• Final-hour volume surged to 2.76M, breaking the pattern of declining activity Technical Analysis XRP’s session reflected a classic distribution-driven decline followed by early-stage reversal signals. Whale selling created sustained downward pressure as major holders offloaded nearly 200M tokens, overwhelming the $1.96 resistance band and pushing XRP into a descending channel that persisted through most of the session. Support at $1.90–$1.91 emerged as the key battleground. The psychological level attracted aggressive buying after a capitulation event at $1.895, where institutional inflows reversed the intraday trend. Momentum indicators—including RSI and short-term stochastic—flashed deep oversold conditions, creating the first bullish divergence since last week’s major breakdown. The strong 2.76M-volume spike during the bounce suggests early accumulation behavior, contradicting the prior multi-hour decline in participation. Still, the macro structure remains fragile. Bulls must force a clean break above $1.96 to invalidate the descending channel and attempt a trend reversal. Failure to defend $1.90 would expose the chart to a fast extension toward $1.82, then $1.73. What Traders Should Watch • $1.90 remains the line in the sand. A close below opens… The post Ripple Drops as Bitcoin Weakness Pulls Majors in Oversold Levels appeared on BitcoinEthereumNews.com. Technical reversal signals emerge amid extreme oversold conditions following an aggressive institutional distribution wave. News Background • Whale wallets dumped nearly 200 million XRP (~$400M) over 48 hours, triggering acute supply pressure• Market-wide risk-off intensified as Bitcoin slipped below $90,000, pulling altcoins into deeper volatility• Bitwise’s new XRP ETF posted $25.7M first-day volume and $107.6M AUM, signaling strong institutional demand• Sentiment across majors remains fragile, with total crypto market cap still drifting under heavy outflows Price Action Summary • XRP fell from $1.96 → $1.91, marking its lowest close in three sessions• Volume spiked 67% above average to 182.1M, confirming institutional selling• A descending channel dominated the session with 5.1% intraday volatility• Capitulation bottom formed at $1.895, followed by a 0.5% late-session reversal• Final-hour volume surged to 2.76M, breaking the pattern of declining activity Technical Analysis XRP’s session reflected a classic distribution-driven decline followed by early-stage reversal signals. Whale selling created sustained downward pressure as major holders offloaded nearly 200M tokens, overwhelming the $1.96 resistance band and pushing XRP into a descending channel that persisted through most of the session. Support at $1.90–$1.91 emerged as the key battleground. The psychological level attracted aggressive buying after a capitulation event at $1.895, where institutional inflows reversed the intraday trend. Momentum indicators—including RSI and short-term stochastic—flashed deep oversold conditions, creating the first bullish divergence since last week’s major breakdown. The strong 2.76M-volume spike during the bounce suggests early accumulation behavior, contradicting the prior multi-hour decline in participation. Still, the macro structure remains fragile. Bulls must force a clean break above $1.96 to invalidate the descending channel and attempt a trend reversal. Failure to defend $1.90 would expose the chart to a fast extension toward $1.82, then $1.73. What Traders Should Watch • $1.90 remains the line in the sand. A close below opens…