Repeated Rejections at $2.33 Trigger 4% Drop in XRP

XRP Faces Resistance Rejection as ETF Momentum Stalls, Traders Eye $2.25 Support

XRP reversed sharply on Thursday, falling 3.7% over 24 hours after bulls failed to overcome a stubborn resistance band near $2.33. The token dropped from an intraday high of $2.288 to settle near $2.260, signaling waning upside momentum despite recent bullish headlines.

Three consecutive rejections at the $2.33–$2.34 level have now cemented this zone as a critical barrier. Meanwhile, a weakening recovery off $2.25 — despite forming a double bottom — points to growing hesitation among buyers.

Catalysts Meet Technical Reality

XRP’s latest pullback comes amid fading enthusiasm around the expected Franklin Templeton spot ETF decision, which had previously sparked speculation-driven inflows. Though Ripple scored regulatory wins — including the approval of its RLUSD stablecoin in Dubai — price action suggests traders are losing conviction in the short-term rally.

“Resistance is doing its job,” one market technician said. “The setup around $2.33 has become a psychological wall, and without volume confirmation, bulls just aren’t able to sustain a breakout.”

Ripple’s expansion into real-world asset tokenization and strategic growth in the Middle East and APAC continue to support the long-term narrative. However, near-term price action is being dominated by technical traders and range-bound structures.

Price Action Snapshot

XRP traded in a 5.8% range, peaking at $2.288 before falling to $2.260.
Three failed breakout attempts at $2.33–$2.34 created a bearish head-and-shoulders pattern with a neckline at $2.285.
A double bottom at $2.25 offered temporary support late in the session.
Selling peaked between 01:31–01:33, with over 7 million units exchanged.
A short-lived recovery began at 01:53, forming higher lows — but on declining volume.
Should $2.25 break, traders are targeting $2.234 as the next downside level.

With volume thinning and resistance holding, XRP is at a technical crossroads. Traders will be watching closely to see if $2.25 acts as a springboard — or gives way to further downside in the days ahead.