XRP prices are currently facing a lot of pressure as a new Euro stablecoin announcement has triggered widespread selling across various exchanges. Right now, XRP trades at around $2.08, testing some critical support levels after a sudden surge in exchange inflows. Many analysts are predicting a potential 25% decline from the current levels as investors are reacting to major XRP Ledger developments and also broader market volatility.
US | Europe MD Cassie Craddock for @Ripple in Paris.
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Confirms EURO stablecoin on #XRP Ledger
Bank Grade Custody was critical since it is the entry point to an end-to-end solution.For retail, expect wallet custody competition toheat up, big time. pic.twitter.com/lrH8zgUauc
— Crypto Eri ~ Carpe Diem (@sentosumosaba) April 13, 2025
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XRP News & Ledger Shock As Euro Stablecoin Sparks Sell-Off
A Euro-backed stablecoin on the XRP Ledger has unexpectedly triggered a significant level of Ripple’s coin sell-off in recent days. Cassie Craddock, who is Ripple’s Managing Director for UK and Europe, confirmed this development during her appearance at Paris Blockchain Week 2025.
Craddock stated: “We partnered with SocGen Forge initially around custody, and now more broadly on issuing their Euro-CV stablecoin on the XRP Ledger.”
Exchange Inflows Signal Trouble
Ripple’s coin exchange inflows have more than doubled from about 28 million to over 55.6 million tokens according to the latest CryptoQuant data. This dramatic increase typically signals that investors are preparing to sell their XRP holdings in the near future.
Traders Cut XRP Exposure
The generally negative sentiment toward XRP can also be seen in the approximately $5.1 million in long position liquidations compared to just $1.25 million in shorts. Additionally, a negative long-to-short ratio of about 0.938 indicates that many investors expect further price declines for Ripple’s coin soon.
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Technical Analysis Points Downward
XRP is currently struggling at the crucial $2.00 support level at the time of writing. Breaking below this threshold could potentially send Ripple’s coin down to the 200-day EMA at around $1.95, with the next major support area located at approximately $1.61.
Craddock emphasized: “Bank-grade custody was critical since it is the entry point to an end-to-end solution.”
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Euro Stablecoin XRP Impact
Kaiko Research noted in their analysis: “May 22 is an important date to watch in light of the recent ETF approval of a 2x XRP ETF from Teucrium, as the SEC must respond to Grayscale’s XRP spot filing by then.”
The XRP Ledger now positions itself as a serious and competitive infrastructure provider in the regulated stablecoin space as Ripple continues to expand its offerings beyond just RLUSD.
Craddock concluded in her remarks: “We’re seeing early signs that these components are in place, but there’s still quite a journey ahead to truly bring this to a global scale.”
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