XRP Stabilizes at $2.75 Following Steep Decline From $3 Peak
XRP has found short-term support near $2.75 after a sharp drop from the $3.02 level, declining nearly 9% over the past 24 hours. The move was fueled by a surge in institutional selling, with trading volumes well above average, signaling renewed caution across the altcoin market.
The token managed to recover slightly into the close, ending the session at $2.82, though upside momentum appears capped near $2.84, now acting as immediate resistance.
Key Performance Metrics
- 24-Hour High: $3.02
- 24-Hour Low: $2.75
- Closing Price: $2.82
- Daily Drawdown: ▼8.91%
- Intraday Range: $0.27
Volume & Flow Insights
Between 14:00 and 18:00 UTC, institutional selling accelerated, with XRP trading volume reaching 222.24 million tokens, nearly 3x the 24-hour average of 78.52 million. The selloff pushed prices down swiftly to the $2.75 level, where buyer activity began to surface.
Despite the rebound, volume slowed sharply toward the end of the session, falling to 650,000 XRP per minute — a steep decline from the peak of 3.7 million XRP/min, reflecting weaker conviction on both sides of the market.
Technical Overview
- Support Zone: $2.75–$2.76
- Immediate Resistance: $2.84
- Trend Bias: Neutral-to-bearish with signs of consolidation
XRP is now trading within a narrow band, with buyers defending $2.75 but facing selling pressure near $2.84. A decisive break above this resistance could signal a short-term recovery, while a failure to hold support may lead to a retest of lower levels.
Broader Market Backdrop
XRP’s decline follows a wider market pullback, driven by macroeconomic uncertainty and deteriorating risk sentiment. Concerns over global trade policy, soft U.S. jobs data, and growing geopolitical tensions have weighed on digital assets, particularly altcoins with high beta exposure.
Institutional capital continues to rotate defensively, favoring stablecoins and more liquid large caps like bitcoin, while sidelining mid-tier tokens in the near term.
What Traders Are Watching
- Support durability at $2.75 — a critical zone for bulls to defend
- Breakout potential above $2.84, which could shift short-term sentiment
- Macro signals including economic data and geopolitical developments impacting risk appetite
XRP’s near-term trajectory will likely depend on external catalysts and whether accumulation resumes at current levels. Until then, price action suggests caution, with the market waiting for a clearer breakout or breakdown signal.
