XRP News Today: Price Drops 0.71% as Critical Support Levels Tested – What’s Next?
XRP is under pressure today as its price drops 0.71%, testing critical support levels amid broader market uncertainty. Will the token rebound or continue its downward trend? Here’s the latest XRP news and analysis.
XRP Price Faces Bearish Pressure
XRP’s price has fallen to $3.04, breaching the key support level at $3.0932. Analysts warn that if the bearish momentum continues, the token could drop further toward $3 or even $2.80. Key levels to watch:
- Support: $3.0932 (hourly chart), $2.9873 (4-hour chart)
- Resistance: $3.20 (bullish breakout point), $3.34–$3.50 (next target)
Market Uncertainty and Regulatory Impact
The crypto market remains volatile, with XRP’s price movement coinciding with the upcoming U.S. crypto policy report. Regulatory clarity could either stabilize or disrupt the market further. Whale activity, including a $25M long position, adds a bullish counter-narrative.
Technical Analysis: Bullish vs. Bearish Scenarios
Analysts are divided on XRP’s future:
- Bullish: Potential surge to $6–$10 by 2025 if institutional interest grows.
- Bearish: Breakdown below $3 could accelerate declines to $2.60–$2.80.
What Traders Should Watch
Key factors influencing XRP’s price:
- U.S. regulatory developments
- Whale activity and market sentiment
- Broader crypto market trends
Conclusion
XRP’s price action reflects a battle between short-term bearish pressures and long-term bullish potential. Traders should monitor technical levels and macroeconomic signals closely.
FAQs
1. Why is XRP’s price dropping?
XRP faces selling pressure amid market uncertainty and a test of key support levels.
2. What is the critical support level for XRP?
$3.0932 on the hourly chart and $2.9873 on the 4-hour chart are key levels.
3. Could XRP rebound soon?
If buyers defend $3.20, a rally to $3.34–$3.50 is possible.
4. How does regulation impact XRP?
Upcoming U.S. crypto policy reports could bring clarity or further volatility.