XRP Tumbles 6% Amid Global Economic Turmoil

XRP took a sharp hit in the crypto markets overnight, with the digital asset declining 6% as escalating global economic uncertainty drove a massive wave of sell-offs. The unexpected pullback spooked investors and amplified volatility across the crypto space.

The coin’s price dropped from $2.305 to a low of $2.163 as jittery sentiment took hold in the aftermath of a U.S. court decision overturning tariffs set during the Trump administration. The broader crypto market felt the impact too, shedding 3.1% to fall to a total capitalization of $3.35 trillion.

Despite the downturn, XRP attracted notable attention from institutional players. Renewable energy firm VivoPower announced a bold move, raising $121 million to establish a treasury reserve denominated in XRP — an unprecedented strategy for a publicly listed company. Similarly, Chinese conglomerate Webus International revealed plans to gather up to $300 million in cash, intended to support an eventual XRP strategic reserve.

These developments suggest that, while short-term sentiment remains bearish, long-term institutional confidence in XRP is slowly building. This could offer crucial price support as retail traders continue to assess market direction.

From a technical analysis standpoint, XRP experienced classic capitulation-style trading, with overnight volume soaring to 174.7 million units — nearly four times its regular 24-hour transaction average. The intense selling brought prices down before a short-lived bounce took them back up to $2.22. However, sustained resistance near $2.23 remains a significant barrier preventing further gains.

Chart patterns point to a tentative recovery attempt. Hourly candles showed the formation of a ‘V’ shape rebound, though price action was capped at $2.204. XRP then entered a consolidation phase, pivoting around the $2.195–$2.196 range. Analysts are keeping a close eye on the $2.31 support level. If this critical threshold is breached, XRP could slide further, with the next major support at $1.96 — a level not tested in recent weeks.

Technical Breakdown

• Price Movement: XRP declined from $2.305 to $2.163, marking a 6.16% drop.
• Trading Volume: Midnight activity spiked to 174.7 million units — well above average.
• Support & Resistance: Initial support at $2.16 held firm, while resistance at $2.23 thwarted rebound attempts.
• Recovery Attempt: Price reached $2.204 during recovery before entering a narrow consolidation zone between $2.195 and $2.196.
• Downside Risk: If $2.31 support fails to hold, XRP may decline by another 16% toward $1.96.

Market participants are preparing for a turbulent ride in the days ahead. With geopolitical and economic factors looming large, XRP remains vulnerable to further volatility. However, emerging institutional interest, such as treasury reserves from VivoPower and Webus International, might soften the blow over time and lay the groundwork for a more stable medium-term outlook.

Related: Expert Advice: Sell XRP If You’re Confused

As the crypto ecosystem navigates this macroeconomic storm, XRP’s trajectory will likely hinge on a delicate balance between speculative pressure and growing corporate engagement.