- XRP price fell about 2% to $2.04 as Bitcoin retreated toward $90,000.
- The XRP token climbed last week to $2.40, supported by record ETF volumes.
- Bulls must defend $2.00, otherwise a drop to $1.80 or lower becomes likely.
XRP recorded a moderate pullback, sliding roughly 2% toward the key support level at $2.00.
The decline comes as the token’s recent bullish momentum shows signs of cooling. Bitcoin also slipped during the session, alongside declines in equity futures.
Despite short-term price pressure, Ripple’s development activity and signs of institutional demand remain intact.
XRP revisits support near $2: why the pullback?
XRP fell about 2% over the past 24 hours, touching an intraday low of $2.04.
This move extends the retracement from recent peaks near $2.40, and market participants point to a potential new supply zone around $2.10.
Trading activity stayed elevated, with 24-hour volume at $2.94 billion, reflecting increased participation amid broader market volatility.
The weakness in XRP largely followed Bitcoin’s pullback, which retreated from levels above $92,000 after investors reassessed risk following comments from Jerome Powell.
In a statement on Sunday, Powell said the Federal Reserve had received grand jury subpoenas from the Department of Justice.
Equity futures fell after Powell described the subpoenas, related to his Senate testimony, as an attack on the Fed’s independence.
Futures linked to the Dow Jones Industrial Average, S&P 500 and Nasdaq dropped as markets reacted to the prospect of political pressure on monetary policy.
Risk-off sentiment spread across asset classes, including cryptocurrencies, while gold reached new record highs.
In this broader risk-off environment, XRP remains under pressure.
Ripple price outlook
XRP rallied above $2.40 last week amid bullish regulatory developments in the U.K., which helped lift sentiment.
However, gains have faded, even as XRP-based exchange-traded funds continued to see inflows and posted record trading volumes.
Technical indicators point to growing selling pressure.
Signals from the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) suggest weakening momentum, and a daily close below $2.00 could accelerate declines.
Against this backdrop, XRP’s price action reflects a balance between optimism and caution, in contrast to the broader outlook for risk assets amid persistent macroeconomic and geopolitical uncertainty.
Chart patterns also point to further downside risk. The daily RSI hovers near the neutral 50 level but has been drifting lower, indicating fading momentum.
Meanwhile, the MACD suggests a potential bearish crossover.
If confirmed, that crossover could trigger additional selling before any renewed recovery takes hold. Immediate support appears near $1.80.
On the upside, sustained ETF demand, declining exchange reserves and ongoing institutional interest could help stabilize prices.
In a recovery scenario, traders will likely watch $2.40 and $2.50 as key resistance levels, with a short-term upside target around $3.00.