XRP Faces Steep Decline Amid Market Uncertainty, But Institutional Demand Remains Robust
XRP slid sharply as mounting global economic tensions and the U.S. threat of imposing 50% tariffs on European goods triggered widespread selling pressure across crypto markets.
Even as Bitcoin hit new record highs, XRP found itself caught in the broader correction, breaking below critical support levels and fueling fears of deeper losses.
Technical analysts highlight the $2.25–$2.26 zone as a key support line; a drop below this could lead to further downside toward $1.55–$1.90.
Meanwhile, institutional interest in XRP shows no signs of waning. Volatility Shares recently launched an XRP futures ETF, and inflows into leveraged XRP ETFs have surged, signaling that large investors are accumulating amid the price dip.
Technical Breakdown
- XRP dropped 3.46% over 24 hours, from $2.361 to $2.303, moving within a $0.084 price range.
- The midnight trading session recorded a volume spike of 37.1 million tokens as XRP hit $2.297, establishing a strong support base.
- Another sell-off at 08:00 brought prices down to $2.280 with a volume peak of 39.9 million, confirming a double-bottom pattern.
- Following this, XRP rallied to test resistance near $2.307 during high-volume trading between 13:36 and 13:39.
- Profit-taking pushed the price back toward $2.300 late in the session, reinforcing this psychological support level.
