XRP Falls Past $2.30 on Strong Selling Momentum

XRP Drops Sharply Amid Market Turmoil but Institutional Appetite Persists

XRP saw a notable pullback as global economic uncertainty and the U.S. government’s potential imposition of 50% tariffs on EU imports weighed heavily on cryptocurrency markets.

Despite Bitcoin’s recent surge to record highs, XRP was not spared the sell-off, falling below key support levels amid widespread market caution.

Analysts point to a crucial support range between $2.25 and $2.26, warning that a breach could open the door for further declines toward $1.55–$1.90.

Yet institutional investors continue to show strong interest, with Volatility Shares unveiling an XRP futures ETF and sizable inflows into leveraged XRP ETFs, indicating Wall Street’s ongoing accumulation despite the correction.

Technical Overview

XRP declined 3.46% over 24 hours, from $2.361 down to $2.303, spanning a 3.57% price range ($0.084).
The largest volume spike hit 37.1 million tokens at midnight when XRP bottomed at $2.297, creating solid volume-based support.
A subsequent drop to $2.280 at 08:00 on 39.9 million volume formed a double-bottom pattern, suggesting price stabilization ahead.
XRP bounced back to $2.307 between 13:36 and 13:39 on elevated volume (480K–627K), encountering resistance at that level.
Profit-taking in the final minutes pushed prices back to the $2.300 mark, a key psychological and technical support zone.