XRP Price News: Slides 6% as Bearish Bitcoin Sentiment Weighs Down Ripple-Linked Token
CoinDesk
XRP fell 6.4% to $2.20 amid heavy institutional selling, with traders watching the $2.08 support level.Summary
XRP plunged sharply, falling 6.4% to $2.20 over 24 hours due to heavy institutional selling pressure, which drove trading volume up 126% above average. This selloff broke key support levels, confirming a short-term bearish bias characterized by lower highs and lower lows, despite a brief late-session bounce coinciding with news of Ripple's RLUSD stablecoin crossing $1 billion in market cap. Technical analysis shows momentum indicators turning negative, and traders are now closely monitoring the $2.08 support level; failure to hold this could accelerate losses toward the $2.00 psychological zone, while reclaiming $2.22 is needed to re-establish bullish footing.
(Source：CoinDesk)