Why XRP Price is Going Down Today?
CoinGape
XRP price has fallen below the $2 level amid a market downturn, ETF product selling, and bearish sentiment. The key support is at $2, with additional downside risk anticipated. XRP is currently under downward pressure after a roughly 12% decline over the past week, pushing the cryptocurrency below the $2 mark. In the last 24 hours, XRP dropped about 8%, aligning with a broader market downturn that saw approximately a 5.12% decline across the crypto space.
This marks an extension of the coin’s seven-day slide, driven mainly by profit-taking after the launch of ETF products, rising fear in the market, and several technical breakdowns. XRP’s price dipped from $2.17 earlier in the day to briefly touch $2.16. This sharp correction has been worsened by a notable 30% drop in trading volume, now at $4.75 billion. The decline in volume indicates waning market interest, with XRP’s market capitalization currently around $130.02 billion.
Despite a brief rally that saw the coin gain 10% in the last week, current momentum remains weak, with weekly losses now at 11%, erasing much of November’s previous gains. Long-term holders are showing signs of anxiety as the price struggles to stay above $2. Following a period of optimism, market sentiment has shifted from euphoria to denial. XRP faces the risk of further declines, as shown in the latest NUPL chart, which signals growing unease among investors.
Author’s summary
Текущая волатильность XRP обусловлена слабостью ликвидности и осторожностью рынка после запуска ETF‑продуктов, сохраняющимся давлением вниз и снижением объёмов торгов.