XRP News Today: Regulatory Hopes vs. Bearish Pressures at XRP's $2.40 Crossroads

XRP's price has been testing key support levels around $2.40, with mixed signals emerging from technical indicators, whale activity, and regulatory developments. As of February 10, 2025, XRP traded at $2.43 after a 28.5% decline from its January peak of $3.40, accompanied by a 52% drop in futures open interest to $3.52 billion XRP Price Analysis: Bulls Fight to Hold $2.40 Support^[1]. The cryptocurrency's downward trajectory has coincided with broader market uncertainties, including delayed U.S. presidential cryptocurrency policy announcements and escalating trade tariff tensions with China XRP Price Analysis: Bulls Fight to Hold $2.40 Support^[1].

Technical analysis highlights a bear pennant pattern, suggesting potential for further declines if the $2.40 support level is breached. Historical data indicates that similar price corrections in July 2023 led to 54.65% and 59.73% declines, raising concerns about a potential drop to $1.63 by March 2025 XRP Price Analysis: Bulls Fight to Hold $2.40 Support^[1]. Conversely, the Relative Strength Index (RSI) has entered oversold territory, with a reading of 39, prompting some analysts to speculate a short-term reversal XRP Price Analysis: Bulls Fight to Hold $2.40 Support^[1].

Whale selling pressure and bearish market value to realized value (MVRV) cross have exacerbated downward momentum. Whale outflows exceeded $50 million daily in late September, according to on-chain data XRP Price Prediction: XRP Faces Heavy Whale Sell Pressure^[10]. Analysts warn that sustained selling could push XRP toward $2.65, with the 200-day EMA acting as a potential floor XRP Price Prediction: XRP Faces Heavy Whale Sell Pressure^[10]. Meanwhile, short-term traders are closely monitoring the $2.31 and $2.40 support levels, with a breakdown below $2.40 risking a deeper pullback to $2.34 XRP Price Analysis: Bulls Fight to Hold $2.40 Support^[1].

The regulatory landscape remains a critical catalyst. Ripple's submission to the U.S. Senate Banking Committee emphasized the need for clear frameworks to avoid regulatory overreach, while the SEC's approval of ProShares' XRP futures ETF on April 30, 2025, marked a step toward institutional adoption XRP Price Prediction: XRP Targets $2.40 Breakout^[4]. Six spot XRP ETF applications are pending decisions between October 18 and 25, 2025, with analysts projecting that approvals could unlock billions in institutional capital XRP price: Why October will be the most bullish month of 2025^[9]. The REX-Osprey XRP ETF, launched earlier in 2025, already demonstrated strong demand, with $38 million in first-day trading volume XRP price: Why October will be the most bullish month of 2025^[9].

Retail sentiment has turned bearish, with Santiment reporting a bullish-to-bearish commentary ratio below 1.0 in early October-a level historically associated with fear-driven selling XRP Price Analysis: Retail Sentiment Flips Bearish^[7]. However, contrarian indicators suggest potential for a rebound. For instance, the 2025 October ETF approval timeline and growing adoption of Ripple's RLUSD stablecoin could catalyze a recovery. RLUSD's 45% surge in trading volume and $294 million market cap reflect expanding institutional interest XRP Price Prediction: XRP Targets $2.40 Breakout^[4].

Short-term price action remains volatile, with XRP consolidating between $2.32 and $2.49 as of February 10. A daily volume of $5.49 billion underscores active participation despite bearish sentiment XRP Price Analysis: Bulls Fight to Hold $2.40 Support^[1]. Analysts project that a sustained move above the 50-day simple moving average could trigger a rally, referencing historical patterns where such rebounds preceded gains of 29% to 520% XRP Price Analysis: Bulls Fight to Hold $2.40 Support^[1]. Conversely, a breakdown below $2.40 could initiate a deeper correction toward $1.37, based on 2023 precedent XRP Price Analysis: Bulls Fight to Hold $2.40 Support^[1].

The interplay of whale activity, ETF catalysts, and technical levels will likely define XRP's near-term trajectory. While bearish indicators dominate, the convergence of regulatory clarity, institutional adoption, and potential market reversals offers a cautiously optimistic outlook.