XRP Price Analysis: Ripple in Risk of Deeper Pullback as Fed Cuts Cause Bitcoin Slide

XRP experienced a significant rejection after failing to break the $2.67 resistance level, sliding down to $2.59 accompanied by a massive spike in trading volume (658% above average). This price action coincides with elevated open interest in XRP futures and on-chain data suggesting major holders are selling off, raising profit-taking concerns. Technically, the immediate risk has shifted bearishly, with the $2.58 support level being critical; a break below this could lead to a deeper correction toward $2.50, while a bounce could retest resistance near $2.70–$3.00. The article also notes that broader market movements, including a Bitcoin slide following Fed policy shifts, are influencing crypto sentiment.

(Source：CoinDesk)