XRP Struggles Below $2 as Loss-Driven Selling Spikes Across the Network
BeInCrypto
XRP is facing downward pressure due to bearish sentiment and investor selling, despite positive developments like the RLUSD stablecoin listing.Summary
XRP is currently trading under pressure below $2, influenced by broader crypto market weakness and investor skepticism, leading to loss-driven selling among holders.
Despite the price struggle, Ripple is making operational progress, notably with its stablecoin, RLUSD, being listed on Binance, with future integration planned for the XRP Ledger (XRPL) to boost utility.
On-chain data shows retail investors are selling at a loss, yet institutional inflows remain strong, totaling $108.1 million month-to-date, suggesting long-term conviction from larger players. For XRP to break its short-term downtrend, it must reclaim the $2.00 level; failure to do so could lead to further declines toward $1.86.
(Source：BeInCrypto)