XRP News Today: XRP Drops 10% Below $2.3 Mark Amid Selling Pressure

XRP, the cryptocurrency associated with Ripple, has faced substantial selling pressure, driving its price below the $2.3 mark. This decline has sparked uncertainty about whether buyers can regain control of the market. The 3-month liquidation heatmap suggested an imminent rejection from the $2.3-$2.35 supply zone, and sudden inflows above $2.5 in recent rallies disrupted bullish momentum, leading to sharp reversals. The Liquidation Heatmap indicated a likely 10% drop, with dense sell-side liquidity near the $2 mark.

Ripple [XRP] recently experienced a surge in Open Interest, but the price has struggled to rise higher. Instead, it fell below the $2.3 level and was retesting the same as resistance at the time of reporting. This movement aligns with earlier predictions. On-chain signals have provided mixed cues. Active Addresses on the XRP Ledger have declined steadily through 2025, with the 30-day moving average in a steady decline since January. This metric reflected bearish sentiment for long-term investors, despite a recent halt in the downtrend.

Exchange Reserve levels on Binance have followed a broader downtrend since November 2024, which is generally a positive development as it implies cold storage and accumulation of the altcoin. However, XRP saw sharp spikes in reserves, such as those in March and May, which disrupted the overall trend. Despite trading within a long-term range, attempts to climb to $2.5 or $3 were met with rapid inflows that undid bullish progress.

Spot buying activity has assumed dominance in the XRP market. A look at the Spot Taker CVD for the past three months showed that Taker Buy Volumes have become dominant since May 21. While this does not promise immediate price gains, it is a metric that investors should monitor. A Taker Sell Dominant phase could see XRP tumble below the $2 mark, supported by on-chain data indicating a strong magnetic pocket near $2. XRP witnessed a build-up of liquidation levels at this psychological support since mid-April.

At the time of reporting, another pocket of liquidity at $2.36 could pull prices higher. This bounce beyond the mid-range level should not incite FOMO among traders but rather caution. If prices slide to $2 or even $1.95, those zones may offer better risk-reward entries, particularly if the Spot Taker CVD continues its buyer dominance.