The post Why XRP Price Is Down Today—Market Fears and ETF Rejections to Blame? appeared first on Coinpedia Fintech News
XRP Price is back under pressure, sliding nearly 5% over the past 24 hours as selling volume surged and key support levels gave way. The token dropped from $2.254 to $2.164, extending its weekly loss to almost 9%. Despite a few recovery attempts, sellers continue to dominate, and the $2.20 resistance has become a major hurdle.
XRP Faces Heavy Selling Pressure Near $2.19
The biggest wave of selling came between 3 PM and 4 PM, where trading volume doubled and cemented resistance near $2.19. Buyers tried to push the price to $2.179, but it didn’t last long. By early morning, another high-volume drop dragged XRP to a lower low of $2.162. It’s now hovering near $2.164, with support seen around $2.147, a level where buyers have stepped in a few times.
Also Read : Ripple’s RLUSD Stablecoin Gains Boost After GENIUS Act Approval
Why XRP Price is Not Moving?
Broader market conditions aren’t helping. Global uncertainty, especially around U.S.-China trade issues and unclear signals from central banks, has rattled investors. Plus, the recent rejection of multiple ETF applications has added to the negative sentiment around risk assets like crypto.
Analyst BullnChill flagged the unusual combo of heavy volume and a price drop, which often signals an important shift in market sentiment. Experts believe the move may be driven by broader macro volatility, regulatory uncertainty, and overall pressure across the crypto market. Now, investors are watching closely to see if this is just noise, or the start of something bigger for XRP.
Even with Ripple working on its RLUSD stablecoin and expanding in places like Dubai and Singapore, those developments haven’t sparked much optimism, at least for now.
What Next For XRP Price?
Technical patterns point to more downside unless momentum shifts. A descending channel on the hourly chart hints that the current downtrend could continue. Until bulls manage to flip $2.20 into support again, XRP could face another slide, possibly testing the $2.10 zone next.
There’s a bit of calm now as selling volume starts to cool off. That could give XRP Price some breathing room, but the trend still leans bearish. For now, the key test remains reclaiming $2.20. Without that, XRP’s recovery may stay stuck in limbo.