XRP News Today: XRP Drops 4.5% Amid High Selling Pressure and Macro Uncertainty

XRP, the Ripple-related token, experienced a significant decline of 4.5% over the past 24 hours, dropping from $2.254 to $2.164. This downturn was driven by high-volume selling pressure, which overwhelmed buyers and forced a breakdown below key support levels. The token now faces increasing pressure at the $2.20 resistance level, with technical indicators showing a sustained downtrend that has yet to reverse.

The recent decline in XRP can be attributed to several factors, including rising macroeconomic uncertainty and the fallout from recent ETF rejections. These developments have soured sentiment across risk assets, contributing to the bearish sentiment surrounding XRP. Additionally, ongoing U.S.-China trade friction and mixed central bank policy signals have added to the market's volatility.

Despite these challenges, traders are closely watching Ripple’s upcoming RLUSD stablecoin deployment and regional regulatory milestones in Dubai and Singapore. These developments could potentially provide near-term lift for XRP, as Ripple’s infrastructure continues to expand in these markets. However, none of these developments have provided near-term lift, with XRP now down nearly 9% for the week.

Market observers have noted a descending channel forming on the hourly chart, which is a bearish continuation signal. This pattern, combined with the surge in volume during key resistance tests, suggests that the downtrend may continue unless buyers can reclaim the $2.20 level. Analysts warn that if this level is not reclaimed, price action could break further toward the $2.10 zone.

The sharpest pressure on XRP came during the 15:00–16:00 hour, when volume more than doubled the daily average, cementing resistance around $2.19. A brief recovery attempt later in the session pushed XRP to $2.179, but sellers quickly regained control. A final high-volume drop at 02:01 pushed the price down to $2.162, confirming a lower low and continuing the downtrend. Support has formed around $2.147, with XRP trading in a narrow range near $2.164 as volatility begins to subside.

In summary, XRP's recent decline can be attributed to high-volume selling pressure, macroeconomic uncertainty, and bearish sentiment across risk assets. While there are potential catalysts for a near-term lift, such as Ripple’s upcoming RLUSD stablecoin deployment and regional regulatory milestones, these developments have yet to provide any significant support for the token. Unless buyers can reclaim the $2.20 level, the downtrend is likely to continue, with price action potentially breaking further toward the $2.10 zone.