- XRP price slipped 2% to $2.04 as Bitcoin pulled back toward $90,000.
- The XRP token jumped to $2.40 last week, fueled by record ETF volumes.
- Bulls must defend $2.00, or the token risks falling to $1.80 or lower.
XRP experienced a modest decline, falling roughly 2% as it approached the key support level at $2.00.
The pullback comes amid signs that the recent bullish momentum is cooling. Bitcoin also retreated during the session, alongside a broader pullback in equity futures.
Despite the near-term price pressure, Ripple development activity and signs of institutional demand remain intact.
XRP price returns to support near $2: why the dip?
XRP fell about 2% over the past 24 hours, reaching an intraday low of $2.04.
The move continues the retreat from recent highs near $2.40, with market participants pointing to a potential new supply zone around $2.10.
Trading activity remained elevated — 24-hour volume reached $2.94 billion, reflecting heightened participation amid broader market volatility.
XRP weakness coincided with a Bitcoin pullback from above $92,000 after investors reassessed risk following comments by Jerome Powell.
In a statement published Sunday, Powell said the Federal Reserve had received grand jury subpoenas from the Department of Justice.
Equity futures slipped after Powell characterized the subpoenas related to his Senate testimony as an attack on the Fed’s independence.
Futures tied to the Dow Jones Industrial Average, the S&P 500 and the Nasdaq all fell as markets reacted to the prospect of political pressure on monetary policy.
The shift into risk aversion spread across asset classes, including cryptocurrencies, while gold climbed to fresh record highs.
XRP remains under pressure within this wider risk-off environment.
Price outlook on the wave
Last week XRP climbed above $2.40 on the back of bullish regulatory news from the United Kingdom.
However, gains ebbed even as XRP exchange-traded funds continued to register inflows and record trading volumes.
Technical indicators point to growing selling pressure.
Signals from the Relative Strength Index (RSI) and the moving average convergence divergence (MACD) indicate weakening momentum, and a daily close below $2.00 could accelerate the decline.
Against this backdrop, XRP’s price action reflects a balance between optimism and caution, mirroring broader uncertainty in risk assets amid ongoing macroeconomic and geopolitical headwinds.
Chart patterns also point to further downside risk. The daily RSI sits near the neutral 50 level but has ticked lower, suggesting fading momentum.
Meanwhile, the MACD signals a potential bearish crossover.
If confirmed, that pattern could trigger additional selling before any reversal occurs. Immediate support is visible near $1.80.
On the upside, steady ETF demand, declining foreign exchange reserves, and sustained institutional interest could help stabilize prices.
In a recovery scenario, traders will likely watch key resistance levels at $2.40 and $2.50, with a short-term upside target near $3.00.