XRP Slumps as $2.15 Level Collapses, Bearish Structure Deepens

XRP experienced a significant technical breakdown, dropping 3.6% from $2.21 to $2.13 after failing to hold the crucial $2.15 support level. This decline occurred without major fundamental catalysts but was fueled by broader crypto market weakness and Bitcoin's "Death Cross," which heightened risk-off sentiment. Selling pressure drove the price down to the $2.04–$2.05 demand zone, confirmed by a 76% surge in trading volume. Although a temporary rebound lifted XRP above $2.11, the recovery lacked volume, resulting in a lower-high, lower-low formation, signaling persistent bearish momentum. Analysts note that XRP is underperforming benchmarks, suggesting structural supply outweighs current optimism, and traders are watching the $2.15 level as immediate resistance to neutralize the bearish bias.

(Source：CoinDesk)