XRP Slips 4% Amid Market Uncertainty as Trade Tensions and Liquidations Mount
XRP experienced a sharp decline, dropping as much as 6% within the last 24 hours, reflecting broader market unease caused by escalating global trade tensions and a surge in liquidations. The token slid from $2.20 to $2.14, dragged down alongside a wider crypto market correction that saw total market capitalization shrink by 3.81% to $3.3 trillion.
The heightened volatility follows the U.S. Court of International Trade’s recent reversal of President Trump’s tariffs, reigniting concerns over trade policies that have unsettled risk assets worldwide. XRP bore the brunt of this sentiment shift, with over $29.68 million worth of long positions liquidated as investors scrambled to recalibrate their exposure.
Industry Updates:
- China-based Webus International announced plans to raise up to $300 million through non-equity financing to bolster its global chauffeur payment network, utilizing an XRP reserve. The initiative aims to embed XRP’s cross-border settlement features within Webus’ platform, including blockchain-based booking records and a Web3 loyalty program. Webus is also extending its collaboration with Tongcheng Travel Holdings to settle cross-border rides and driver payments via the XRP Ledger.
- Bitget added Ripple’s RLUSD stablecoin to its listings late Thursday, expanding access to Ripple’s payment ecosystem.
- Ripple released a new report highlighting the transformative potential of blockchain in cross-border payments—a sector underpinning the $31.6 trillion B2B market, expected to reach $50 trillion by 2032. The report emphasized that traditional payment rails are slow, costly, and lack transparency, whereas Ripple’s stablecoin network offers near-instant, low-cost, and transparent settlements, boosting liquidity, global outreach, talent payments, and customer confidence while reducing failed transactions.
Price Action and Technical Analysis:
XRP encountered strong resistance at $2.21, failing to sustain any upward momentum. Conversely, a critical support zone formed near $2.11 during high-volume buying in the early morning hours, halting further decline.
Recent trading activity shows consolidation between $2.13 and $2.14, suggesting a tentative stabilization. However, a pattern of lower highs persists, indicating sellers still dominate.
In the final hour of trading, XRP established a higher low around $2.135, pointing to possible short-term support. Nonetheless, resistance between $2.144 and $2.145 created a narrow trading range that traders are closely monitoring for a decisive breakout or breakdown.
Summary of Technicals:
- XRP declined approximately 5.7%, moving from $2.20 down to $2.14.
- Price fluctuated within a $0.13 range (5.9%) between highs of $2.22 and lows of $2.09.
- Significant selling pressure emerged at $2.21 during the afternoon and evening sessions.
- Robust buying support was observed at $2.11 during early morning hours.
- Consolidation between $2.13 and $2.14 suggests tentative price stabilization.
- A higher low at $2.135 formed late in the session, while resistance at $2.144–$2.145 capped recovery attempts.
- XRP closed at $2.137, marking a day of volatility with signs of potential consolidation.
As XRP contends with ongoing macroeconomic headwinds and technical resistance, market participants will be watching closely for confirmation of sustained support or signs of further downside pressure.
