XRP Price News: Drops 5% to $2.47 as Bears Break Key Support Level
CoinDesk
XRP fell 5% to $2.47, breaking the critical $2.50 support level due to accelerated institutional selling, leading to a 158% volume increase.Summary
XRP experienced a significant 5% drop, falling to $2.47 after breaking the key $2.50 psychological support level, driven by accelerated institutional selling pressure across major exchanges. This breakdown confirmed a shift toward a corrective phase, evidenced by a 158% surge in trading volume to 169 million tokens during the session, contrasting with broader crypto strength. Technical indicators like RSI have turned bearish, and traders are now watching if the $2.43–$2.46 range can stabilize; a decisive close below the immediate support zone of $2.40–$2.42 could signal further declines toward $2.30–$2.33. Reclaiming $2.50 is necessary to neutralize short-term bearish momentum.
(Source：CoinDesk)