Global Economic Strains Spark 4% Decline in XRP Prices

XRP Drops 4% Amid Global Trade Uncertainty and Market Liquidations

XRP experienced a notable decline over the past 24 hours, falling as much as 6% amid escalating global trade tensions and a wave of forced liquidations that pressured crypto markets broadly. The token slipped from $2.20 down to $2.14 as the total crypto market contracted by nearly 4%, reducing its capitalization to $3.3 trillion.

This downturn coincides with renewed concerns following the U.S. Court of International Trade’s recent reversal of tariffs introduced during the Trump administration, sparking fresh uncertainty around trade policies that ripple through risk assets.

XRP’s sell-off saw liquidation volumes exceed $29.68 million on long positions, reflecting rapid portfolio adjustments as traders reacted to market volatility.

Noteworthy Developments:

Chinese company Webus International announced plans to raise $300 million through non-equity financing aimed at bolstering its chauffeur payment network secured by XRP reserves. The firm intends to leverage XRP’s cross-border settlement features, integrating on-chain booking records and a Web3 loyalty rewards program. This builds on its partnership with Tongcheng Travel Holdings, which utilizes the XRP Ledger for driver payouts and cross-border transactions.
Bitget added Ripple’s RLUSD stablecoin to its platform last Thursday, expanding access to Ripple’s payment ecosystem.
Ripple released a new report emphasizing the growing importance of blockchain in cross-border B2B payments, which currently represent a $31.6 trillion market projected to reach $50 trillion by 2032. The report highlights blockchain’s ability to provide near-instant, transparent, and cost-effective settlement compared to traditional multi-layered systems.

Technical Snapshot:

XRP faced significant resistance near $2.21, unable to build momentum above this level. Meanwhile, strong buying interest near $2.11 during early morning hours prevented a sharper decline.

The price has been consolidating between $2.13 and $2.14, but the presence of lower highs points to ongoing selling pressure.

In the final trading moments, XRP established a higher low near $2.135, indicating some short-term support, yet bears remain watchful at resistance levels between $2.144 and $2.145.

Summary of Price Movement:

XRP dropped approximately 5.7% over the day from $2.20 to $2.14.
Price fluctuated within a range of about 5.9% between $2.22 and $2.09.
Selling pressure was strongest around $2.21 during peak trading hours.
Buyers stepped in at $2.11 to prevent deeper losses.
Price consolidation between $2.13 and $2.14 suggests stabilization attempts.
Higher low formation at $2.135 offers potential short-term support.
Resistance band between $2.144 and $2.145 caps upside potential.

With macroeconomic concerns and technical barriers influencing trading dynamics, XRP’s trajectory over the coming sessions will be key for investors gauging whether the token can regain momentum or face further pressure.