- As Bitcoin pulled back toward around $90,000, XRP fell about 2% to $2.04.
- Last week the XRP token surged to $2.40, supported by record ETF trading volumes.
- Bulls must defend the $2.00 level; otherwise the token risks sliding to $1.80 or lower.
XRP has experienced a modest pullback of roughly 2%, moving toward the key support level at $2.00.
The decline comes as the token’s recent bullish momentum shows signs of cooling. Bitcoin also retreated during trading hours, and stock futures pulled back.
Despite recent price pressure, Ripple’s development activity and signs of institutional demand remain intact.
XRP Approaches $2.00 Support Again: Why the Drop?
Over the past 24 hours XRP fell about 2%, touching an intraday low near $2.04.
The move extends the retracement from last week’s high around $2.40, and market participants indicate a new supply zone may have formed near $2.10.
Trading activity remains elevated, with 24-hour volume at $2.94 billion, reflecting heightened participation amid increased volatility.
XRP’s weakness coincided with a pullback in Bitcoin, which slipped from above $92,000 as investors reassessed risk.
On Sunday, Powell said the Federal Reserve had received a grand jury subpoena from the Department of Justice.
After describing the subpoena related to his Senate testimony as an attack on the Fed’s independence, stock futures declined.
Futures tied to the Dow Jones Industrial Average, the South African 500, and the Nasdaq all fell as markets reacted to potential pressure on monetary policy.
Risk-off sentiment spread across asset classes including cryptocurrencies, while gold climbed to record highs.
In this broader risk-averse environment, XRP has remained under pressure.
Ripple Price Outlook
Last week, XRP climbed above $2.40 amid a series of favorable regulatory headlines in the UK.
However, gains have gradually waned even as XRP exchange-traded products continued to see strong inflows and record trading volumes.
Technical indicators point to rising selling pressure.
Signals from the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) suggest weakening momentum; a daily close below $2.00 could accelerate the decline.
XRP price chart
Against this backdrop, XRP’s price action reflects a balance of optimism and caution, contrasting with the broader outlook for risk assets amid ongoing macroeconomic and geopolitical uncertainty.
Chart patterns also point to further downside risk. The daily RSI is hovering near the neutral 50 level but is trending lower, indicating diminishing momentum.
At the same time, the MACD is pointing toward a potential bearish crossover.
If confirmed, that pattern could trigger further selling before any meaningful reversal appears. Immediate support is visible near $1.80.
On the positive side, continued ETF demand, declining FX reserves, and ongoing institutional interest could help stabilize prices.
In a recovery scenario, traders may eye $2.40 and $2.50 as primary resistance levels, with a short-term upside target around $3.00.