XRP Faces 5% Drop Amid Rising Sell Pressure, Whale Moves

XRP extended its recent declines as the cryptocurrency slipped over 5% in the past 24 hours, caught between mounting selling pressure and large whale transfers. Despite some easing in global tensions, the digital asset struggled to maintain key support levels, dipping from $2.21 to a low of $2.08 before a slight recovery toward $2.10.

The broader crypto space attempted to stabilize in the wake of a new ceasefire agreement in the Middle East, reportedly brokered by former U.S. President Donald Trump. However, XRP remained under pressure, failing to capitalize on the improved sentiment across markets. Resistance levels have started forming around $2.17, indicating growing technical bearishness.

Geopolitical Calm Fails to Lift XRP

Markets responded cautiously to diplomatic progress between Iran and Israel, as tensions appeared to ease temporarily. While this development provided a modest boost to investor confidence, XRP proved to be the exception among major assets, unable to hold onto prior gains.

The selloff coincided with significant on-chain activity, where Ripple shifted over $439 million worth of XRP to an unnamed wallet. Combined with an additional $58 million in XRP moved by unidentified whales to centralized exchanges, speculation stirred around whether the transfers pointed to internal realignments or sell-side pressure.

Despite the attention these high-volume transactions generated, XRP failed to recapture the $2.14 resistance on multiple occasions, suggesting waning buying interest. Analysts believe the token is currently locked in a descending channel, with a potential breakout or breakdown likely between July and September. If the current trend continues, the $2.08-$2.09 range could serve as the next line of defense for bulls.

Trading Activity and Market Behavior

In terms of intraday price movement, XRP saw a decline from $2.21 to $2.10—a 5.3% slide over a narrow $0.13 band. The most intense selling period took place between 12:00 and 16:00 UTC on June 26, when hourly volume spiked above 99 million XRP, dragging the token down to the $2.10 level.

Resistance took shape at $2.17, where repeated attempts to climb were met with rejection. Further attempts to recover hit roadblocks at $2.14 and $2.12, curbing any bullish momentum. The day closed with XRP revisiting its session low of $2.08 before a minor uptick brought it back to $2.10 by the end of trading. This late-session bounce was brief, peaking at $2.105, as a sharp drop in volume hinted at market exhaustion.

The final trading hour showed some activity, with a marginal 0.54% gain and volume temporarily rising to 930K XRP in a brief three-minute window. Yet the overall volume slowdown toward the session’s end suggests waning interest, though consolidation around $2.10 could indicate short-term price stability.

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

Technical Overview of XRP

• XRP dropped 5.3% in 24 hours, moving from $2.21 to $2.10 with a $0.13 range
• Maximum downside momentum occurred from 12:00–16:00 UTC, with volumes exceeding 114M and 99M XRP
• Clear resistance is now visible at $2.17, while support was tested near $2.08–$2.09
• Failed breakout attempts at $2.14 and $2.12 led to a final close near $2.10
• Late-session bounce saw a 0.54% rise, with volume hitting 930K between 01:42–01:45 UTC
• Final minutes of trading showed consolidation near $2.10, suggesting temporary market balance

As technical signals remain mixed, XRP continues to hover at critical support levels. Bearish pressure may persist unless the asset can decisively break above its resistance zone. Analysts will be watching closely for any breakout attempts between July and September, with the key support at $2.08 set to be a critical battleground for bulls and bears alike.