XRP Faces Bearish Pressure After Rejection at Critical $2.27 Supply Zone
XRP’s recent price action has raised concerns among traders as the altcoin failed to sustain momentum above the crucial $2.27 supply zone. A weekend rejection at $2.2 has further dampened bullish sentiment, with analysts now warning of potential downside before any recovery. This technical setback highlights weakening demand and could signal deeper corrections ahead.
XRP Price Rejection at Key Supply Zone Sparks Bearish Concerns
XRP faces mounting bearish pressure after failing to hold above the $2.27 supply zone. The altcoin’s weekend rejection at $2.2 has eroded bullish momentum, with analysts warning of further downside before any potential recovery.
Crypto analyst Frank highlights the significance of this technical rejection on TradingView. The repeated failure to breach this level suggests weakening demand, potentially triggering a deeper correction. market participants now watch for the next support level as selling pressure intensifies.
Ripple Price Forecast: XRP Under Pressure as Network Activity Dwindles
XRP struggles to maintain its $2.10 support level amid a noticeable decline in network activity. Daily active addresses have failed to rebound from their first-quarter peak of 612,000, signaling weakened user engagement.
Despite the downturn, Ripple whales are accumulating more tokens, suggesting a potential shift in sentiment. Technical indicators paint a bearish picture—XRP trades below key exponential moving averages, while the 4-hour RSI approaches oversold territory.
The remittance token inches up 0.3% to $2.17, but its medium-term $3.00 target remains distant. Whale accumulation contrasts sharply with fading network fundamentals, creating tension between on-chain metrics and price action.
XRP Price Dips Amid Increased Trading Volume as Market Watches for Next Move
Ripple’s XRP slid 1.57% to $2.17 while 24-hour trading volume surged 24.77% to $1.87 billion, signaling potential profit-taking or portfolio rebalancing ahead of the token’s next price movement. The asset remains up 5.83% weekly with a $127.24 billion market cap.
Walrus, Core and Virtuals Protocol led Monday’s gainers while Ethereum Name Service and XDC Network underperformed. The volume-price divergence suggests traders are actively repositioning despite the short-term pullback, maintaining XRP’s position as a top-tier cryptocurrency by market capitalization.
XRP Faces Critical Juncture as Market Hesitation Persists
Ripple’s XRP hovers NEAR a pivotal $2 support level, trading at $2.17 amid dwindling buyer interest. Recent attempts to breach the $2.3 resistance were swiftly rejected, reinforcing the cryptocurrency’s sideways trajectory.
The daily MACD’s bearish crossover signals weakening momentum, leaving market participants divided on XRP’s near-term direction. All eyes now turn to the $2 threshold—a decisive break could determine whether bulls regain control or bears extend the downtrend.
Morgan Stanley Weighs In on Ripple’s (XRP) Market Potential
Morgan Stanley has entered the Ripple discourse with observations that could shape XRP’s trajectory. The financial heavyweight’s commentary arrives as Ripple solidifies its position among top cryptocurrencies, bolstered by ETF market relevance.
Analysts note XRP’s institutional credibility is growing, with Morgan Stanley’s engagement signaling broader financial sector interest. The token’s utility in cross-border transactions continues to drive adoption narratives, though regulatory clarity remains pivotal.
XRP Faces Downward Pressure Ahead of ProShares ETF Launch
XRP has declined 6.82% over the past week, with a 1.32% drop in the last 24 hours pushing its price to $2.17. The token’s market capitalization stands at $127.47 billion amid $1.87 billion in daily trading volume.
Market participants are questioning whether XRP can reclaim the $3 level before the anticipated launch of ProShares’ ETF product. The current downturn reflects broader crypto market volatility as traders reassess risk exposure.
