Sharp Decline Sees XRP Drop Under $2.30

XRP came under heavy selling pressure over the weekend, sliding below $2.30 as the broader crypto market responded to renewed geopolitical uncertainty and aggressive trade rhetoric from the United States.

The U.S. government’s proposal to slap 50% tariffs on European Union imports triggered investor caution, driving a sell-off across risk assets—including digital currencies like XRP. Despite Bitcoin holding near record highs, altcoins bore the brunt of the shift in sentiment.

XRP’s price action showed signs of forming a double-bottom structure, with support emerging around $2.28–$2.30. Analysts warn that if this zone fails to hold, the next key support lies significantly lower, in the $1.55 to $1.90 range.

Still, institutional demand continues to build. Volatility Shares’ recent launch of an XRP futures ETF, coupled with strong capital inflows into leveraged products, suggests that institutional players are capitalizing on the dip to build long-term positions.

Market Data and Technicals

• XRP dropped 3.46% over the last 24 hours, with price falling from $2.361 to $2.303.
• Heavy trading volume (37.1M) hit at midnight as XRP dipped to $2.297, creating a temporary support zone.
• Another high-volume dip at 08:00 took the token to $2.280, reinforcing the double-bottom pattern.
• A quick bounce followed, with XRP recovering to $2.307 before slipping back to $2.300 during late-day trading.
• Resistance remains firmly in place around $2.307, while $2.30 now acts as a psychological floor.

As uncertainty looms, traders appear divided—retail activity is subdued, while institutions are quietly buying the dip.