Following Ripple’s announcement of its integration with Chainlink to support the RLUSD stablecoin, LINK token prices experienced a significant decline. Specifically, over the past 24 hours, LINK saw a drop of 10%. Despite what might seem like a positive development for the integration, the market response has demonstrated a predominantly bearish perception among investors.

The recent volatility in LINK’s market came with a noticeable surge in its trading volume, ballooning to 1.06 billion USD, hinting possible panic selling. Technical indicators show if LINK breaks below the current support level, prices could drop to 15.81 USD. However, if accumulation resumes, LINK might see a rise targeting the 30 USD range.