The post Why XRP Is Going Down Today – Key Reasons Behind the Price Crash appeared first on Coinpedia Fintech News
Despite a series of macro- and micro-market developments promising the creation of a favorable market environment for top cryptos, especially XRP – including US President Donald Trump’s mention of XRP on the Truth Social platform, strengthening speculations over the US XRP Reserve possibility, increasing the probability that the US SEC will withdraw its lawsuit against Ripple, the appointment of pro-crypto leaders, like Howard Lutnick, in key White House positions, and the establishment of a crypto task force under the SEC to create a clear crypto regulatory framework – the price of XRP has experienced a sharp decline of 29.9% in the last 30 days.
In the last seven days alone, the price has dropped by 14%. More importantly, in the last 24 hours, it has plummeted by approximately 10.5%. Could XRP recover from this drop? Curious? Read on!
XRP Price Drops 10.5% in Market Crash
Currently, the broader trend in the cryptocurrency market is clearly bearish. In the last 24 hours, the crypto market has declined by approximately 9%. Almost all the top ten cryptos have experienced drops. Bitcoin has fallen by 6.2%, Ethereum by 10.5%, BNB by 5.2%, Solana by 12.6%, Dogecoin by 10.3%, and Cardano by 9.2%.
The trend in the XRP market is no different. In the last 24 hours, the market has declined by around 10.5%. Yesterday alone, the market plummeted by over 11.63%
Currently, the price of XRP stands at $2.197 – at least 28.55% below the month’s peak.
Analyst Identifies a Key Level in the XRP Market
In a recent X post, a crypto analyst, identified as EGRAG CRYPTO, warned that if the price falls below the crucial level of $2.30, it could experience a free fall to lower targets.
Yesterday, the closing price of XRP was around $2.278. Currently, the XRP price remains at least 3.77% below the opening price of the day.
XRP Technical Analysis: A Short Overview
The current RSI reading of XRP, observed on its daily chart, remains at 33.04 – which is in an oversold zone. This indicates that there is a high chance of the price recovering from the current level.
However, reports suggest that the Futures Open Interest of XRP has recently declined by over 15%. This means that investors have lost confidence in the crypto.
Notably, the 24-hour trading volume of XRP remains at 100.52 Million – the highest since February 3, 2025.
More importantly, reports show that large XRP holders, or whales, have dumped no fewer than 81 million coins onto exchanges lately.
In conclusion, XRP’s price drop, whale sell-off, and investor uncertainty raise concerns.
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FAQs
XRP’s low RSI suggests a possible rebound, but market volatility, investor uncertainty, and whale activity make it a high-risk investment right now.
XRP might reach a high of $3.99 with an average of $3.07.
As per our XRP price prediction 2040, Ripple could reach a maximum price of $148.37.
By 2050, a single Ripple price could go as high as $418.73.
