XRP Faces Sell-Off as Bearish Volume Pressures Mount

XRP encountered heavy bearish momentum over the past day, dragging the price down sharply as increased selling volume dominated trading activity.

Over the last 24 hours, XRP tumbled by approximately 4.5%, slipping from $2.254 to $2.164. This decline was driven by significant selling volume, which forced a breakdown below established support levels. Market analysts now highlight $2.20 as a pivotal resistance point, with ongoing technical weakness suggesting the downtrend may persist if bulls fail to regain momentum.

Market Context

XRP’s recent performance is reflective of broader market jitters. Heightened macroeconomic instability — worsened by U.S.-China trade disputes, conflicting signals from global central banks, and the chill cast by recent ETF rejections — has weighed heavily on investor sentiment across cryptocurrency and traditional risk asset markets.

Still, Ripple continues to drive strategic innovation. Traders and investors are closely eyeing the company’s upcoming RLUSD stablecoin launch, a development expected to play a major role in Ripple’s global liquidity plans. Additionally, Ripple’s infrastructure expansion in regulatory hubs like Dubai and Singapore signals longer-term growth potential. However, none of these catalysts have provided short-term relief, as XRP posts a nearly 9% weekly loss.

Technical Signals and Trading Volume

Pattern indicators on lower timeframes show XRP is trending within a descending channel — typically considered a bearish continuation pattern. The most significant trading activity occurred between 15:00 and 16:00 UTC, where volume soared beyond double the daily average. At the peak of this session, resistance crystallized around $2.19.

There was a fleeting rebound attempt that lifted XRP to $2.179, but sellers swiftly overwhelmed buying interest and reversed the gains. This rejection underscored the strengthening grip of bearish traders. Later, at 02:01 UTC, another surge of volume resulted in a steeper drop, sending the token to $2.162. This confirmed a lower low and emphasized the continued downtrend.

Some stabilization has begun to emerge, with XRP oscillating tightly around $2.164. Initial support is visible at $2.147, a level where buyers have stepped in during previous sell-offs. Yet, for a meaningful rally to occur, the token must breach $2.175 and challenge the stronger $2.20 resistance barrier.

Recap of Key Technical Levels

• From peak to trough, XRP fell 4.5% from $2.254 to $2.164 over 24 hours.
• Volume surged during heavy sell-offs, with $2.19 acting as a short-term resistance zone.
• A temporary recovery to $2.179 was quickly negated.
• Late-session volume spike at 02:01 UTC drove the price down to a new low at $2.162.
• Buyers are showing interest around $2.147, forming a tentative support line.
• Descending channel pattern continues to guide the market outlook in bearish territory.
• Declining sell volume suggests price action may stabilize near current levels in the short term.

Investors and traders should watch for a decisive break above $2.20 to signal a shift in momentum. Absent that, analysts warn a further slip toward $2.10 remains on the table, particularly if macro headwinds persist.

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

Disclaimer: Portions of this article were generated with the support of AI tools and verified by CoinDesk’s editorial team to ensure factual accuracy and alignment with editorial guidelines. For full disclosure, please see CoinDesk’s AI Policy.