XRP Slides 2% Amid Rumor-Driven Selloff: $5B Volume and Key Support Levels in Focus

XRPUSDT declined by 2.04% over the past 24 hours, with the price falling from 2.0562 to 2.0143 on Binance. The price drop is primarily attributed to market anxiety following widespread but unsubstantiated rumors about a potential US government seizure of Ripple’s XRP escrow, which, despite being debunked by legal experts, led to increased uncertainty and selling pressure. Technical factors also contributed, as XRP failed to hold above key resistance levels and showed signs of continued selling, with oversold indicators and bearish momentum weighing on short-term sentiment.

Currently, XRP is trading at 2.0143 with a 24-hour trading volume of approximately $5.08 billion and a market capitalization near $115–$116 billion. The asset remains in a consolidation phase, with strong trading activity and cautious sentiment as traders monitor regulatory developments, options expiry, and potential catalysts such as institutional partnerships and ETF decisions. Key support is observed at $2.01–$1.95, while resistance remains at $2.08–$2.22.