Ripple Price Alert: XRP Teeters on Edge of $2.00 Drop—Wormhole Partnership Fails to Rally Bulls
Ripple's XRP is flirting with danger as bears eye a breakdown below the critical $2.00 threshold—despite its shiny new Wormhole interoperability deal. Market sentiment? As reliable as a crypto influencer's 'buy the dip' tweet.
### The Wormhole Lifeline That Wasn't
Cross-chain bridges were supposed to be XRP's salvation, but price action isn't buying the hype. Traders are treating the partnership like a Wall Street banker treats retail investors—polite applause, then shorting aggressively.
### Technicals Scream Caution
The charts paint a brutal picture: rejection at key resistance levels, dwindling volume, and futures markets pricing in more pain. That $2.00 support isn't a floor—it's a trapdoor waiting to spring.
### The Cynic's Take
Another day, another 'game-changing' crypto partnership that moves markets less than a Elon Musk meme. Maybe next time try announcing during non-business hours—that usually works... for about 17 minutes.
Ripple eyes multi-chain interoperability with Wormhole partnership
Ripple has turned to Wormhole, a leading protocol in cross-chain interoperability, to speed up the integration of the XRP Ledger (XRPL) mainnet and the XRPL ethereum Virtual Machine (EVM) Sidechain.
As demand for stablecoins and tokenized assets increases in financial markets, Ripple believes there is a dire need to build supporting blockchain infrastructure. This will ensure that institutions and users can securely and efficiently move assets without the risk of liquidity fragmentation.
According to the announcement on Thursday, Wormhole, which supports over 200 applications across more than 35 blockchain ecosystems, will integrate its flagship cross-chain infrastructure with the XRPL mainnet and the XRPL EVM SideChain.
The integration will enable developers to transfer supported XRPL assets, including tokens such as XRP, Issued Assets (IOUs) and Multi-purpose (MPTs) across supported protocols. Developers will also communicate with smart contracts across blockchains using specialized messaging and data triggers.
“If you want real mass adoption, interoperability is essential. The infrastructure has to be there, not just on one chain, but across them. With this integration, tokens natively issued on the XRP Ledger are being set up for that reality by being able to MOVE between blockchain networks while maintaining native issuance, and control,” Ripple’s CTO, David Schwartz, said in a statement.
Technical outlook: XRP bearish bias persists
XRP has extended the downtrend below support at $2.09, signaling vulnerability to overhead pressure ahead of the weekend. A sell signal, maintained by the Moving Average Convergence Divergence (MACD) since Thursday, indicates increasing bearish momentum as traders consider reducing their exposure to XRP.
The red histogram bars below the MACD zero line cement the bearish grip, especially with XRP extending losses below the 50-period Exponential Moving Average (EMA) at $2.13, the 100-period EMA at $215 and the 200-period EMA at $2.18 on the 4-hour chart.
XRP/USD 4-hour chart
The path of least resistance could stay downward, increasing the possibility of the XRP price sliding below the $2.00 round-figure support, especially if the Relative Strength Index (RSI) continues to drop, nearing oversold territory.
Key areas for monitoring include $1.90, which was tested on Sunday, $1.80 and $1.61, last probed in April following the tariff-triggered sell-off.
Still, an immediate rebound above the support highlighted in green on the chart cannot be ruled out, which could build on risk-on sentiment if the XRP futures Open Interest (OI) continues to uphold the uptrend currently at $4 billion.
Ripple FAQs
What is Ripple?
Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.
What is XRP?
XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner. XRP therefore facilitates trustless and instant payments on the XRPLedger chain, helping financial firms save on the cost of transacting worldwide.
What is XRPL?
XRPLedger is based on a distributed ledger technology and the blockchain using XRP to power transactions. The ledger is different from other blockchains as it has a built-in inflammatory protocol that helps fight spam and distributed denial-of-service (DDOS) attacks. The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.
What blockchain technology does XRP use?
XRP uses the interledger standard. This is a blockchain protocol that aids payments across different networks. For instance, XRP’s blockchain can connect the ledgers of two or more banks. This effectively removes intermediaries and the need for centralization in the system. XRP acts as the native token of the XRPLedger blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.
