Rising Global Economic Worries Trigger 4% XRP Selloff
XRP Slips 4% Amid Trade Disputes and Liquidation Pressures Shake Crypto Markets
XRP experienced a sharp decline over the past day, falling nearly 6% as renewed trade tensions between major economies fueled a wave of liquidations and dragged prices below critical support points. The token slipped from $2.20 to $2.14, mirroring a broader 3.8% drop across the crypto market, which now holds a total valuation of approximately $3.3 trillion.
The downturn was sparked by the recent ruling from the U.S. Court of International Trade overturning tariffs introduced during the Trump era, reviving concerns about escalating trade conflicts and unsettling investor confidence in risk assets globally.
Long XRP positions worth over $29.68 million were liquidated as traders moved swiftly to reduce exposure amid rising volatility.
Industry Developments:
- Webus International, based in China, announced plans to raise $300 million through non-equity financing to back its global chauffeur payment platform with XRP reserves. This initiative will integrate XRP’s cross-border settlement technology to enhance on-chain booking and introduce a Web3-powered loyalty rewards program. Webus also renewed collaboration with Tongcheng Travel Holdings to facilitate cross-border payments on the XRP Ledger.
- Ripple’s RLUSD stablecoin recently gained a new listing on Bitget, increasing accessibility for users.
- Ripple’s latest report highlights the massive $31.6 trillion B2B cross-border payment market, expected to expand to $50 trillion by 2032. The report underscores blockchain’s advantages over traditional payment rails — faster transactions, lower fees, and improved transparency — positioning Ripple’s stablecoin network as a catalyst for liquidity and global payment efficiency.
Technical Overview:
Resistance at $2.21 remained firm, preventing XRP from rebounding decisively. However, buying support around $2.11 limited further downside early in the session.
Price action has settled in a narrow range between $2.13 and $2.14, with lower highs suggesting sellers still hold the upper hand.
A recent higher low near $2.135 hints at short-term stabilization, though resistance persists near $2.144–$2.145.
Summary:
- XRP fell 5.7% from $2.20 to $2.14 in 24 hours.
- Trading ranged between $2.22 and $2.09, a 5.9% swing.
- Strong selling pressure was seen at $2.21 during peak trading hours.
- Buying interest near $2.11 prevented deeper losses.
- Consolidation around $2.13-$2.14 signals potential support.
- Higher low at $2.135 with resistance capping gains near $2.144-$2.145.
- The day ended with XRP at $2.137 amid volatile conditions.
Navigating a complex macro environment and technical challenges, XRP traders will watch closely to see if the token can maintain support or faces renewed downward pressure.
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