#MyTradingStyle Important Points:

XRP fell 4.5% in 24 hours, slipping from $2.254 to $2.164 amid increasing selling pressure.

Critical resistance has formed at $2.20, with technical indicators suggesting a continued downward trend.

Macroeconomic uncertainty and the recent ETF rejections are weighing heavily on investor sentiment.

XRP is down nearly 9% for the week as traders await clearer bullish catalysts.

The price of XRP dropped sharply in the last 24 hours, falling 4.5% from $2.254 to $2.164 as bears took control of the market. This movement pushed Ripple-related tokens below several key support levels, triggering new downward pressure as volume surged in the resistance zone.

The token now faces strong resistance at $2.20, a level that has repeatedly rejected upward moves in recent sessions. Market sentiment around XRP remains fragile, driven by a mix of macroeconomic concerns, regulatory uncertainty, and fading momentum in the altcoin sector.

Macroeconomic Factors Pressuring XRP

The current pullback is occurring amidst a weak broader crypto market due to rising geopolitical risks and investor caution. Ongoing trade tensions between the US and China, along with mixed signals from global central banks, have clouded the risk outlook.

Additionally, the recent rejections of several crypto-related ETFs have dampened optimism across the market. While Bitcoin remains relatively resilient near the $105,000 level, altcoins like XRP have been more heavily impacted by the shift in sentiment.