“Intense Selling Pressure Drives XRP 5% Lower in a Wave of Heavy Trading”

XRP Slips 4.5% as Bears Tighten Grip, Market Eyes $2.20 Hurdle

XRP tumbled 4.5% over the past day, sinking from $2.254 to $2.164, as bearish momentum pushed prices below key technical levels. The token now faces stiff resistance at $2.20, with traders wary of further downside unless buying strength returns.

What’s Behind the Move

• Renewed macroeconomic jitters and geopolitical uncertainty have triggered risk-off sentiment in crypto markets, weighing on XRP’s price action.
• Lingering U.S.-China trade tensions, mixed signals from global central banks, and recent rejections of crypto ETFs have added to the cautious mood.
• While Ripple’s plans for the RLUSD stablecoin and regulatory progress in Dubai and Singapore could be positive catalysts, they haven’t been enough to reverse near-term selling pressure.
• XRP has now dropped nearly 9% over the past week, mirroring weakness across other major crypto assets.
• Chart watchers note a descending channel forming on lower timeframes—a bearish continuation pattern—reinforced by surging volumes during resistance challenges.
• Analysts caution that unless XRP breaks back above $2.20, the door remains open for a slide toward $2.10.

Recent Price Action

The heaviest selling wave arrived between 15:00 and 16:00 UTC, when trading volume more than doubled the daily average, locking in resistance at $2.19. A brief bounce saw XRP reach $2.179, but sellers quickly seized control again.

Further downward momentum struck at 02:01 UTC, sending prices as low as $2.162 and confirming the formation of a new lower low. XRP is currently hovering around $2.164, consolidating in a narrow band as volatility starts to ease.

Technical Recap

• XRP fell 4.5%, sliding from $2.254 to $2.164.
• Resistance has solidified around $2.19 on high-volume trades.
• Support is developing near $2.147 as buyers cautiously re-enter.
• Short-lived rally to $2.179 was swiftly rejected.
• A sharp volume spike at 02:01 UTC drove a 0.8% drop to $2.162.
• Immediate resistance sits near $2.175, while the descending channel signals ongoing bearish sentiment.
• Slowing sell pressure hints at possible stabilization if bulls regain momentum.