XRP Slides Below $2.15 Amid Heavy Selling Pressure
XRP fell 3.6% to $2.13 Tuesday as broader crypto market weakness and Bitcoin’s looming ‘Death Cross’ weighed on sentiment. Institutional selling intensified below the critical $2.15 support, pushing the token through a $0.17 trading range and driving volume 76% above the 24-hour average to 177.9 million tokens, highlighting significant participation during the decline.
The token briefly found a floor around $2.04–$2.05, sparking a short-lived rebound to $2.11–$2.12. However, the recovery lacked strength as volume tapered off toward the session close. Technical charts now show a lower-high, lower-low pattern, signaling persistent bearish momentum.
Despite optimism linked to ETF inflows, XRP underperformed broader crypto benchmarks, indicating that structural selling outweighs fundamental support. The rejection at $2.21 and collapse below $2.15 underscores the market’s sensitivity to key technical levels. While the $2.05 support offered temporary relief, the rebound lacks volume to confirm a sustainable trend reversal.
Traders are watching whether XRP can reclaim $2.15. A successful recovery would neutralize near-term bearish bias, while failure keeps the downside open, particularly as supply clusters remain at $2.13–$2.15 with limited bid absorption.
Macro factors continue to pressure the market. Bitcoin’s Death Cross, tightening liquidity, and risk-off flows across altcoins suggest sustained volatility, leaving XRP—typically a high-beta asset—vulnerable to sector-wide selloffs.
