$2.75 Support Level Holds for XRP After Retreat From $3 — What’s the Outlook?

XRP Holds Ground at $2.75 Following Steep Pullback From $3

XRP’s price action turned volatile over the past 24 hours, falling sharply from $3.02 to a low of $2.75 before staging a mild recovery to close around $2.82. The nearly 9% decline came amid a surge in institutional selling and broader market uncertainty.

Key Market Highlights

• Intraday Range: $3.02 (high) → $2.75 (low)
• Daily Close: $2.82
• 24-Hour Decline: ▼8.91%
• Trading Range: $0.27

Data shows institutional selling pressure intensified during the U.S. afternoon trading window, with 222.24 million XRP exchanged between 14:00 and 18:00 UTC — nearly triple the 24-hour average of 78.52 million tokens.

While buyers stepped in at $2.75, sparking a modest bounce, upward momentum fizzled at the $2.84 resistance level. The volume cooled significantly during the final trading hour, falling to just 650,000 XRP/min, down from a peak of 3.7 million XRP/min, suggesting indecisiveness among traders.

Technical Snapshot

• Support: $2.75 – Recent low and initial demand zone
• Resistance: $2.84 – Short-term ceiling following the rebound
• Trend: Consolidation after breakdown, with signs of weakening bullish momentum

The swift selloff and high-volume reaction at $2.75 suggest a temporary bottom may have formed. However, the failure to reclaim higher ground leaves XRP vulnerable to further downside unless buyers regain control above $2.84.

Broader Market Sentiment Weighs on Altcoins

XRP’s pullback aligns with broader weakness across the crypto landscape. Persistent macro headwinds — including trade tension, rising geopolitical risk, and fading optimism around rate cuts — have led investors to reduce exposure to volatile assets.

Risk aversion remains elevated, particularly among institutional players, as economic uncertainty and global instability weigh heavily on sentiment.

Looking Ahead

Traders are monitoring several key developments:

• Will $2.75 continue to hold as short-term support?
• Can XRP break above $2.84 to trigger a bullish reversal?
• How will macro events — including U.S. economic data and central bank signals — impact investor appetite for risk?

For now, XRP appears to be stabilizing, but any failure to reclaim near-term resistance could invite renewed selling pressure in the sessions ahead.