“High Trading Volumes Push XRP Down 5%, Signaling Persistent Market Selling”

XRP Tumbles as Bears Tighten Grip, Eyes $2.20 Hurdle

XRP slipped 4.5% over the past 24 hours, falling from $2.254 to $2.164, as selling pressure weighed heavily on the market and pushed the token below critical support zones. The $2.20 mark has now become a formidable resistance level, with technical signals suggesting the downward trend remains firmly in place.

Market Drivers

Growing macroeconomic uncertainty has fueled selling across crypto markets, impacting XRP.
Persistent U.S.-China trade tensions, mixed signals from central banks, and fallout from recent ETF rejections have left risk assets under pressure.
Traders remain focused on Ripple’s upcoming RLUSD stablecoin rollout and regulatory milestones in Dubai and Singapore, where Ripple’s ecosystem is expanding.
Despite these developments, XRP has struggled for momentum and is down nearly 9% on the week.
Technical analysis highlights the formation of a descending channel on the hourly chart—a classic indicator of a continued bearish trend—as trading volumes spiked during resistance tests.
Analysts caution that unless buyers can push prices back above $2.20, XRP risks further decline toward the $2.10 zone.

Price Action Overview

The heaviest selling struck during the 15:00–16:00 UTC window, when volume surged to more than twice the daily average, reinforcing resistance near $2.19. A modest recovery attempt lifted XRP to $2.179, but sellers swiftly regained control.

A sharp drop at 02:01 UTC pushed prices to $2.162, confirming a new lower low in the ongoing downtrend. Support is emerging near $2.147, with XRP consolidating around $2.164 as volatility gradually cools.

Technical Snapshot

XRP slid from $2.254 to $2.164, marking a 4.5% decline.
Resistance strengthened near $2.19 amid peak volume during the afternoon session.
Support has developed at around $2.147, where buying activity has repeatedly surfaced.
An attempted rebound briefly lifted prices to $2.179 before faltering.
A volume spike at 02:01 coincided with a 0.8% drop to $2.162.
The immediate resistance level now lies at $2.175, with a descending channel indicating persistent bearish pressure.
Slowing selling volume suggests the potential for short-term stabilization.