XRP News Today: XRP Drops 5.3% Despite Geopolitical Calm and Whale Activity

XRP, the cryptocurrency linked to Ripple, experienced a significant decline of 5.3% over the past 24 hours, dropping from $2.21 to $2.10. This downward trend occurred despite easing geopolitical tensions and notable whale activity within the market. The asset reached a session low of $2.08 before recovering slightly to $2.10. The broader crypto market attempted to stabilize following ceasefire agreements in the Middle East, but XRP's momentum remained fragile, with technical resistance building at $2.17.

Market sentiment improved slightly after former U.S. President Donald Trump reportedly helped broker a ceasefire between Iran and Israel, which calmed some investor fears. However, XRP struggled to hold recent gains as traders reacted to large on-chain movements. Ripple transferred $439 million worth of XRP to an unknown wallet, and other whale wallets moved another $58 million to centralized exchanges. These movements raised questions about potential distribution or internal reshuffling within the Ripple ecosystem. Despite these events drawing attention, the token’s inability to reclaim the $2.14 resistance level signals underlying bearish momentum.

Technical analysts continue to monitor XRP’s descending channel pattern, with expectations for a breakout or breakdown between July and September. For now, the $2.08-$2.09 zone remains a critical level to hold. The steepest selloff occurred between 12:00 and 16:00 UTC on June 26, with back-to-back hourly volume surges above 99 million XRP as the price fell to $2.10. Resistance formed clearly at $2.17, with multiple rejection wicks above $2.12 later in the session. By midnight UTC, XRP had revisited its session low of $2.08. A modest bounce followed in the final hour of the session, as the price climbed from $2.09 to $2.10, with short-lived momentum topping at $2.105. A drop in volume late in the session suggests buyer fatigue, though the $2.08 support zone held firm.

In summary, XRP faced sharp downside pressure over the last 24 hours, falling 5.3% despite large-scale whale activity and easing geopolitical tensions. The asset dipped from $2.21 to a session low of $2.08 before a modest recovery to $2.10. While the broader crypto market attempted to stabilize following ceasefire agreements in the Middle East, XRP’s momentum remained fragile, with technical resistance building at $2.17. The inability to reclaim the $2.14 resistance level signals underlying bearish momentum, and the $2.08-$2.09 zone remains a critical level to hold. The steepest selloff occurred between 12:00 and 16:00 UTC on June 26, with back-to-back hourly volume surges above 99 million XRP as the price fell to $2.10. Resistance formed clearly at $2.17, with multiple rejection wicks above $2.12 later in the session. By midnight UTC, XRP had revisited its session low of $2.08. A modest bounce followed in the final hour of the session, as the price climbed from $2.09 to $2.10, with short-lived momentum topping at $2.105. A drop in volume late in the session suggests buyer fatigue, though the $2.08 support zone held firm.