XVG Dips 169.77% in 24 Hours Amid Sharp Volatility

On SEP 6 2025, XVG dropped by 169.77% within 24 hours to reach $0.005466, marking one of the most significant short-term price movements for the cryptocurrency. Over the past 7 days, the asset declined further by 31.47%, while showing a modest rebound of 3.72% over the past 30 days. However, XVG remains well below its 1-year average with a total decline of 5904.01% over the past 12 months. The sharp correction has drawn attention to the underlying factors influencing its price performance.

Technical indicators suggest a bearish continuation pattern has formed in recent sessions. The Relative Strength Index (RSI) has fallen below key support levels, indicating oversold conditions, while the Moving Average Convergence Divergence (MACD) shows a declining trend, reinforcing the downward momentum. The price action has also failed to break above critical resistance levels established in previous months, signaling a lack of buyer interest in the current price environment.

Market participants have attributed the steep decline to a combination of factors, including broader sentiment in the crypto space and regulatory uncertainty surrounding certain decentralized platforms. Analysts project further price consolidation is likely in the near term until more clarity is provided on upcoming developments. However, no formal statements from major stakeholders or governance bodies have been released to date.