XRP Slips 3% as Bears Take Control and Support Fails to Hold

XRP Faces Renewed Selling as Price Slips Below Critical Support

The market turned sharply against XRP on Tuesday, with the token sliding nearly 3% to $2.20, breaking through a well-watched support level and extending its bearish streak for the week. The move comes amid mounting technical pressure and fading bullish momentum across the broader altcoin landscape.

The breakdown was triggered by a sharp wave of sell orders during early Asian trading hours, pushing XRP from an intraday high of $2.269 to a session low of $2.190. The decline was reinforced by a volume surge exceeding 1.2 million XRP, suggesting that large holders may be offloading positions as short-term confidence erodes.

“Support at $2.21 had held for several sessions,” noted a technical analyst at GlassMarkets. “Once that level gave out, we saw a cascade of stop-loss triggers that deepened the sell-off.”

Structure & Sentiment Shift

The asset remains locked in a descending channel, with lower highs and lower lows reinforcing the bearish structure.
RSI indicators and MACD crossovers suggest downward momentum could persist unless volume returns on the buy side.
A potential double-bottom near $2.19 is forming, though conviction remains weak without follow-through above $2.27 resistance.

Fundamentally, Ripple continues to make headlines with major initiatives—such as the rollout of its RLUSD stablecoin and real-world asset pilots in global markets—but price action appears decoupled from these developments in the short term.

Meanwhile, on-chain watchers flagged a rise in centralized exchange deposits, hinting that larger XRP holders may be preparing to exit or rotate capital into BTC, ETH, or stablecoins amid tightening liquidity.

With open interest climbing past $4 billion, volatility looks poised to increase. But for now, the path of least resistance is still down—unless bulls reclaim lost ground and flip $2.27 back into support.