XRP, the native token associated with Ripple, has come under heavy selling pressure over the past 24 hours, falling 2.71% to trade at $2.20. The decline continues a broader trend that has seen XRP lose 9.11% of its value over the past week, amid heightened global market volatility and persistent bearish momentum.
Key Support Levels Breached
XRP broke below critical support at $2.204, triggering intensified sell-offs. The token now trades within a descending channel, a pattern that reflects sustained downward momentum.
A notable volume surge of 1.2 million units accompanied the breakdown, indicating a significant shift in trader sentiment. Resistance has been clearly established between $2.265 and $2.270, where multiple breakout attempts have failed.
Support Zones and Accumulation Signals
Despite the bearish structure, short-term support appears around $2.202–$2.205, though analysts warn this zone may not hold if pressure continues.
A potential double bottom formation was observed after XRP rebounded to $2.208 on increased volume, signaling possible accumulation by strategic buyers.
Still, the inverted V-shaped pattern on daily charts highlights the recent sharp shift from buying enthusiasm to aggressive liquidation.
Ripple’s Strategic Expansion and Ecosystem Growth
While XRP struggles in the short term, Ripple is expanding its presence in traditional finance. The company is launching a new Ripple stablecoin (RLUSD) aimed at improving liquidity in cross-border payments. In addition, the acquisition of Hidden Road signals a push toward institutional-grade infrastructure.
Ripple has also announced ongoing collaboration with UAE regulators to develop tokenized real estate solutions, further diversifying XRP’s utility and global reach.
In a separate development, Webus has filed to raise $300 million, dedicating a significant portion to an XRP strategic reserve, indicating institutional interest remains strong.
Market Outlook: Bearish But Watch for Liquidity Shifts
XRP’s open interest recently surpassed $4 billion, suggesting rising liquidity and the possibility of a short squeeze if sentiment quickly reverses. However, the broader technical structure remains bearish unless the price can reclaim and hold above the $2.27 resistance zone.
Until then, traders should exercise caution as bearish sentiment continues to dominate the XRP market.