Over the last 24 hours, XRP tumbled nearly 9%, falling from around $3.02 down to $2.75 before a mild recovery to $2.82. The primary driver? Heavy institutional selling, with volume surging to more than double the daily average—exceeding 222 million XRP versus the typical 78 million.
That plunge appears to have been bought at $2.75, which has emerged as a short-term support zone. However, every attempt to bounce has run into a ceiling around $2.84, with recovery failing to break that level.
Macro headwinds are real—global trade tensions and tariff uncertainty are putting pressure on risk assets, triggering portfolio rebalancing away from altcoins. Estranged liquidity and cautious sentiment are compounding the drawdown.
🧠 My take — from where I’m standing:
Support is holding at ~$2.75, but resistance at ~$2.84–2.85 feels firm. If we break above, we could reclaim ~$3.
If we can’t hold $2.75, we risk a slide toward ~$2.60 or lower. Institutional flows are critical here.
Watch for volume confirmation: accumulation sub-$2.80 could fuel a bounce, but no clear signs yet.
The broader cryptocurrency market could complicate things—geopolitical risks and shifting liquidity might continue to weigh.#ProjectCrypto #TrumpTariffs #MarketPullback #WhiteHouseDigitalAssetReport #FOMCMeeting $BTC $ETH $XRP
