Ripple’s price continues to slide, now hovering around $2.15, after a 5% drop in the past 24 hours. XRP is now roughly 40% below its July peak of $3.65.
The recent downturn is tied to broader market weakness, especially as Bitcoin fell below $90,000, increasing selling pressure across the market. A significant portion of XRP holders are now underwater, raising the likelihood of more selling if sentiment continues to worsen.
Technical Indicators Signal Weak Momentum
Despite some positive developments, such as increasing interest in XRP ETFs, the token’s technical indicators remain weak.
- XRP is trading below $2.20 and under the 100-hour simple moving average
- A downward trend line near $2.22 caps any attempts at recovery
- XRP is also trading below the 23.6% Fibonacci retracement level, reflecting weak buying interest
The hourly MACD is firmly negative, and the RSI has slipped below 50, signaling continued downward pressure.
Support Levels and Resistance Zones
Analysts are closely watching the $2.12 support level. If this breaks, the next key targets are:
- $2.10
- $2.05
Failure to regain $2.22 keeps these support levels exposed.
While XRP ETFs have sparked some institutional interest, market behavior remains muted. This suggests that technical weakness and cautious sentiment are dominating the near-term price action.
ETF Launches and Institutional Interest
Despite the broader market’s slump, XRP has seen growing interest from XRP ETFs. The recent launch has drawn more attention than any other U.S. ETF debut in 2025, with additional products from firms like Franklin Templeton, Bitwise, and CoinShares expected soon.
According to JPMorgan, these ETFs could bring $4–8 billion in capital during their first year, providing the kind of institutional interest that XRP has not consistently attracted. In previous cases, XRP ETF launches drove 18% price gains ahead of trading.
However, the current price action shows that despite positive ETF activity, XRP’s price continues to struggle due to technical weakness and sentiment issues.
Outlook: Will XRP Find Stability Above $2?
Some analysts believe XRP could stabilize above $2, but for a meaningful reversal, it would need to break above $2.62 and overcome several resistance zones between $2.34 and $2.67. $2.70 is seen as a critical level for a broader recovery.
However, if the $2.10 support is breached, a faster decline could follow, potentially pushing XRP to $2.05, and even $1.88 — a 12% drop from current levels.
The next two trading sessions will be critical in determining whether the ongoing ETF-driven demand can offset the selling pressure from retail holders.
