$XRP fell 5% to $2.47, breaking below the $2.50 support due to increased institutional selling. The breach of the $2.50 level triggered significant trading activity, with a 158% increase in volume. Traders are watching if the $2.43–$2.46 range can stabilize or if a drop below $2.40 will lead to further declines.
Technical Analysis
XRP’s breakdown marks a continuation of its lower-high, lower-low structure that began after the failed retest of the $2.60 resistance.
The session’s 8.8% volatility range underscores aggressive liquidation and profit-taking from larger holders, aligning with recent on-chain signals of exchange inflows.
Momentum indicators such as RSI have shifted into neutral-to-bearish territory, while MACD shows expanding downside divergence. The $2.40–$2.42 area now acts as immediate technical support, and a close below this band could open further downside toward $2.30–$2.33.
Volume analytics remain pivotal— the 169M turnover during breakdown confirms institutional participation rather than retail panic, while declining late-session activity implies that the bulk of distribution may already be complete.