XRP (XRP) Price Plummets to Weekly Lows Amid Heavy Selling Pressure—Time to Buy the Dip?

XRP gets hammered as bears take control—dropping to its lowest level in seven days. Here's what's driving the sell-off.

### The Bloodbath Breakdown

No sugarcoating it: XRP holders just got mauled. A tidal wave of sell orders slammed the token, slicing through support levels like a hot knife through butter. The charts? Ugly. The sentiment? Worse. Classic crypto volatility doing what it does best—separating the weak hands from the diamond-handed.

### Why the Panic Selling?

Market whispers point to a perfect storm: profit-taking after last week's rally, regulatory FUD creeping back in, and leveraged longs getting liquidated en masse. Meanwhile, Wall Street 'experts' who called XRP a 'security' last year are suddenly silent—funny how that works.

### Silver Linings Playbook

Remember: every crypto dump is someone else's buying opportunity. The Ripple army hasn't retreated—just reloading. With institutional adoption quietly accelerating (despite the SEC's best efforts), this dip might smell like a discount in hindsight. Just don't expect CNBC to tell you that.

Bottom line? Crypto winters thaw. Paper hands fold. And the market always, always overcorrects. XRP's fundamentals haven't changed—only the weak-kneed traders bailing at the first sign of red.

TLDR

• XRP dropped 4.5% in 24 hours from $2.254 to $2.164 as sellers pushed price below key support levels
• The token faces strong resistance at $2.20 with technical indicators showing continued downtrend
• Market sentiment affected by macroeconomic uncertainty and recent ETF rejections, with XRP down nearly 9% for the week
• High-volume selling occurred during 15:00-16:00 hour with resistance forming around $2.19
• Support level identified at $2.147 with potential further decline toward $2.10 zone if buyers can’t reclaim $2.20

XRP experienced a sharp decline over the past 24 hours, falling 4.5% from $2.254 to $2.164. The drop came as sellers overwhelmed buyers and forced the token below critical support levels.

The selling pressure intensified during the 15:00-16:00 hour when trading volume more than doubled the daily average. This surge in activity established strong resistance around the $2.19 level.

XRP attempted a brief recovery later in the session, pushing the price up to $2.179. However, buyers could not maintain momentum and sellers quickly regained control of the market.

The token now faces increasing pressure at the $2.20 resistance level. Technical indicators continue to show a sustained downtrend that has yet to reverse course.

A final high-volume drop occurred at 02:01, pushing XRP down to $2.162 and confirming a lower low pattern. This MOVE extended the ongoing downtrend that has pressured the token throughout the week.

XRP is currently down nearly 9% for the week as bearish sentiment dominates trading activity. The token now trades in a narrow range NEAR $2.164 as volatility begins to subside.

Technical Analysis Points to Further Weakness

Market observers have identified a descending channel pattern forming on the hourly chart. This technical formation typically serves as a bearish continuation signal for price action.

The token broke below a key bullish trend line with support at $2.180. This breakdown has opened the door for potential further declines if current support levels fail to hold.

XRP is now trading below both the $2.20 level and the 100-hourly Simple Moving Average. The 23.6% Fibonacci retracement level from the recent swing high to low has also been breached.

Initial support has formed around $2.147, where buyers have stepped in repeatedly during the decline. However, analysts warn that a break below this level could trigger another wave of selling.

The next major support zone sits at $2.120. A breakdown below this level could send XRP toward the $2.050 support area or even lower to $2.020.

Market Factors Drive Selling Pressure

The decline comes during a period of rising macroeconomic uncertainty affecting risk assets broadly. Ongoing U.S.-China trade friction has contributed to market volatility across multiple asset classes.

Mixed signals from central bank policy decisions have also weighed on investor sentiment. The fallout from recent ETF rejections has specifically impacted cryptocurrency markets.

Despite these headwinds, traders are monitoring Ripple’s upcoming RLUSD stablecoin deployment. The company continues to expand its infrastructure in key markets including Dubai and Singapore.

However, these positive developments have not provided near-term support for XRP’s price action. The token remains under pressure as selling volume continues to outweigh buying interest.

On the upside, XRP faces immediate resistance at $2.175 before encountering the more critical $2.20 level. A clear move above $2.240 WOULD be needed to signal a potential trend reversal.

The hourly MACD indicator is gaining pace in bearish territory while the RSI has dropped below the 50 level. These technical signals support the current downward price momentum.

XRP closed the session at $2.164 with selling volume beginning to taper off, suggesting possible near-term stabilization around current levels.