XRP price drop today: What hidden reasons?

XRP Price Decline: Detailed Analysis

The price of XRP is currently decreasing, linked to many complex factors. Firstly, the "bearish divergence" mechanism has reduced buying power, even though the price has increased at times. This weak trend is causing the price to continue to decline.

XRP is currently moving within a descending price channel. Some slight increases in recent times are not strong enough to change the overall negative trend. Important price levels to watch include resistance and support levels. Resistance is in the range of $2.33 – $2.35, $2.45 – $2.50, and $2.60. Support is at $2.16, $2.05, and $1.80. To reverse the trend, XRP needs to surpass these resistance thresholds.

Ripple Unlocks XRP Event

On May 3, 2025, a significant event occurred when Ripple unlocked 1 billion XRP, worth approximately $2.2 billion. This is noteworthy because Ripple usually unlocks on the 1st of each month, but this time it was delayed by two days. Such a large unlock was divided into three parts: 500 million XRP ($1.1 billion), 300 million XRP ($660 million), and 200 million XRP ($440 million).

This unlock has raised public concern as the large amount of XRP entering the market could lead to oversupply, often resulting in price declines. This sluggish move by Ripple has sparked much discussion in the cryptocurrency community.

These factors need to be carefully considered to understand the reasons behind XRP's continuous price decline and to develop appropriate trading strategies.