Why Is $XRP Price Down Today?

XRP's price is down today mainly due to uncertainty surrounding the ongoing Ripple vs SEC settlement case. Additionally, Bitcoin is nearing the critical $105,000 level, and any strong rejection or sudden volatility there could negatively impact the broader crypto market, including XRP.

How Is XRP Performing Today?

At the moment, XRP$XRP is trading at $2.42, showing a 3.50% loss in the past 24 hours. Its market cap stands at $142.04 billion. Despite the price drop, trading volume is up by 19.52%, reaching $5.75 billion, suggesting that short-term traders might be buying the dip.

Technically, XRP is still within a rising channel, which is generally considered a bullish pattern. However, it has faced resistance near $2.60, pushing the price down toward the midline support zone between $2.42–$2.35.

The RSI (Relative Strength Index) is currently at 56.91, slightly below the signal line. Although it’s in the neutral range, it shows signs of bearish divergence, which means the price could go lower unless buyers step back in.

Where Is XRP Heading Next?

If XRP breaks below $2.35, it could fall further to $2.20 or even $2.00.

On the other hand, if it breaks above $2.51 and holds above $2.60, bullish momentum may return, and the price could aim for $2.80. $BTC