XRP News Today: Retail Traders Flee as XRP's Bearish Technicals Deepen

XRP's price has fallen below $3, with technical indicators and on-chain data signaling a bearish short-term outlook. The token has declined nearly 7% in recent trading sessions, slipping below the 20-day Exponential Moving Average (EMA) at $2.9065, a key resistance level that previously indicated bullish momentum This is Why XRP Price Eyes a Three-Month Low - BeInCrypto^[4]. The Elder-Ray Index, which measures buying and selling pressure, has shown persistent negative readings, with red histogram bars expanding over the past four sessions, underscoring intensifying bearish sentiment This is Why XRP Price Eyes a Three-Month Low - BeInCrypto^[4].

Support at $2.7435 is currently holding, but a break below this level could trigger a drop to $2.6371-a price point not seen in three months This is Why XRP Price Eyes a Three-Month Low - BeInCrypto^[4]. Analyst Peter Brandt has highlighted a descending triangle pattern on the weekly chart, projecting a midterm target of $2.68. If this support fails, XRP could retest $2.22, with bearish divergence in the Relative Strength Index (RSI) further reinforcing the risk of a prolonged decline XRP Retail Sentiment Flips Bearish, Flashing a Contrarian Buy Signal^[5].

On-chain metrics reinforce the bearish narrative. Exchange supply of XRP has surged, with over 320 million tokens deposited in the past week, while demand from whale investors has waned XRP Retail Sentiment Flips Bearish, Flashing a Contrarian Buy Signal^[5]. Liquidations of long positions have exceeded $23 million in the past 24 hours, with retail traders accounting for $21 million of that total XRP Retail Sentiment Flips Bearish, Flashing a Contrarian Buy Signal^[5]. Futures Open Interest (OI) has also declined, reflecting reduced confidence in the uptrend as traders close long positions XRP Price Faces Bearish Outlook; Says Peter Brandt Amid Growing Impatience from Traders^[3].

Retail sentiment has turned sharply bearish, with the bullish-to-bearish commentary ratio slipping below 1.0 for two consecutive days, a level historically associated with fear-driven selling . While such extreme negativity has often preceded market reversals, the current context suggests a continuation of downward pressure unless demand surges to validate a contrarian rebound .

Technical analysis of the daily chart reveals XRP struggling to sustain gains above the 100-day EMA at $2.85, with the RSI hovering near 45-a neutral but weak level XRP Price Faces Bearish Outlook; Says Peter Brandt Amid Growing Impatience from Traders^[3]. A breakout above $2.92, the 50-day EMA, remains a critical hurdle for bulls, though immediate resistance at $3.05–$3.10 could trigger a test of the $2.70 support zone Will XRP Explode in 2025? Chart Pattern Hints at Major Upside Ahead^[2].

The broader market environment remains cautious, with the U.S.-China trade talks and regulatory uncertainties in the crypto sector adding to the headwinds. While institutional adoption in Asia-particularly in Japan and South Korea-offers long-term optimism, near-term price action is dominated by technical breakdowns and liquidity shifts .