- The XRP price slipped about 2% to $2.04 as Bitcoin retreated toward $90,000.
- The XRP token climbed to $2.40 last week, supported by record ETF volumes.
- Bulls must defend $2.00, or they risk a drop to $1.80 or lower.
XRP experienced a modest pullback, falling roughly 2% as it moved toward the key support zone at $2.00.
The decline comes amid signs that the token’s recent bullish momentum is cooling. Bitcoin also pulled back during the session, coinciding with a drop in equity futures.
Despite the short-term price pressure, Ripple’s development activity and indicators of institutional demand remain intact.
XRP returns to support near $2: what drove the pullback?
Over the past 24 hours, XRP fell about 2% and hit an intraday low of $2.04.
This move continues the retreat from recent highs near $2.40, with market participants noting a potential new supply zone around the $2.10 level.
Trading activity stayed elevated, with 24‑hour volume at $2.94 billion, reflecting increased participation amid broader market volatility.
The weakness in XRP accompanied a decline in Bitcoin, which slipped from above $92,000 after investors reassessed risk following comments from Jerome Powell.
In a statement released Sunday, Powell said the Federal Reserve had received grand jury subpoenas from the Justice Department.
Equity futures fell after Powell characterized the subpoenas, tied to his Senate testimony, as a threat to the Fed’s independence.
Futures linked to the Dow Jones Industrial Average, the S&P 500 and the Nasdaq all declined as markets reacted to the prospect of political pressure on monetary policy.
Risk-off sentiment spread across asset classes, including cryptocurrencies, while gold climbed to fresh record highs.
XRP remained under pressure amid the broader risk-off environment.
Ripple price outlook
XRP rose above $2.40 last week following bullish regulatory news from the United Kingdom.
Gains faded, however, even as inflows to XRP exchange-traded funds continued and trading volumes reached record levels.
Technical indicators point to rising 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 the decline.
Against this backdrop, XRP’s price action reflects a balance between optimism and caution, contrasting with the broader outlook for risk assets amid ongoing macroeconomic and geopolitical uncertainty.
Chart patterns also indicate further downside risks. The daily RSI sits near 50 — a neutral level — but has trended lower, signaling waning momentum.
The MACD is also pointing to a possible bearish crossover.
If confirmed, that crossover could trigger additional selling before any recovery occurs. Immediate support appears near $1.80.
On the positive side, continued ETF demand, falling exchange reserves, and sustained 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.