š $XRP just canāt catch a break.
In the last 24h, the price slid nearly -5%, falling from $2.254 ā $2.164 and extending the weekly loss to almost -9%. The real blow? Sellers crushed any recovery attempts, and $2.20 is now acting as heavy resistance.
š„ The biggest sell-off came between 3ā4 PM, with volume doubling and resistance locking in near $2.19. Buyers tried to reclaim territory ā failed.
By early morning, XRP hit a fresh low of $2.162 before slightly bouncing. For now, itās hovering around $2.164, but key support sits at $2.147.
š So, whatās weighing XRP down?
ā Macromarket jitters (U.S.āChina trade drama, central bank signals)
ā Rejected crypto ETFs
ā Weak sentiment across all risk assets
Even bullish headlines like Ripple's RLUSD stablecoin or expansion to Dubai/Singapore arenāt shifting the vibe⦠yet.
š§ Analyst @BullnChill points to the heavy volume + price drop pattern ā often a red flag for sentiment shifts. Add in a descending channel on the hourly chart, and bears still have the upper hand.
ā³ Unless XRP can flip $2.20 into solid support, we might be eyeing $2.10 next.
Letās see if the bulls show up ā or if weāre in for another leg down.