XRP Slides Below Support as ETF Rejections and Market Jitters Weigh

XRP fell 4.5% over the past 24 hours, dropping from $2.254 to $2.164 amid growing selling pressure and broader market uncertainty. The decline follows a weeklong downtrend that now totals nearly 9%, with the token struggling to maintain key support levels.

Traders cite multiple factors for the bearish sentiment, including recent rejections of spot crypto ETFs, unresolved U.S.-China trade tensions, and mixed global central bank signals. These developments have dampened appetite for risk assets, including major altcoins like XRP. Despite Ripple’s ongoing infrastructure growth in Dubai and Singapore and anticipation around the upcoming RLUSD stablecoin launch, short-term price support remains elusive.

Technical analysis points to a descending channel pattern forming on the hourly chart — a bearish continuation signal. XRP briefly recovered to $2.179 during a mid-session rally but was quickly rejected as sellers regained momentum. Heavy selling between 15:00 and 16:00 drove volume to twice the daily average, reinforcing resistance near $2.19. A final push at 02:01 sent the price down to $2.162, confirming a lower low and extending the downtrend.

Support has emerged around $2.147, where buyers have stepped in several times, but unless XRP reclaims the $2.20 level, analysts warn of a potential slide toward $2.10. Immediate resistance is now seen at $2.175, with volume tapering off — a sign of possible near-term consolidation.

As the crypto market reacts to global economic signals and regulatory shifts, XRP remains under pressure, with technical indicators favoring continued bearish momentum unless a decisive reversal occurs.