XRP Falls by 3.4% as Sell Pressure Lingers
Ripple (XRP) inched lower by 3.4% over the last 24 hours to $1.33 as profit-taking amid price movements in the global cryptocurrency market.
Trading data revealed that XRP is closely tracking a broader market sell-off driven by risk-off sentiment across crypto. It slightly outperformed Bitcoin’s -4.25% drop, indicating modest relative resilience but no coin-specific catalyst.
XRP’s decline aligns with a broader crypto downturn. The total market cap fell 3.29% to $2.19 trillion, and the Fear & Greed Index sits at 11–Extreme Fear.
Bitcoin dropped 4.25%, driving defensive positioning across assets. No specific XRP news was evident in the data, suggesting this was a beta-driven move. Investors said the sell-off was not unique to XRP but part of a wider de-risking event.
Technical indicators also confirm the bearish structure. XRP trades below its 7-day average eof $1.42 and 30-day average of $1.53, indicating sustained selling.
The immediate path hinges on the $1.31 Fibonacci support. Holding above it could lead to range-bound consolidation between $1.31 and the daily pivot point at $1.37.
A break below $1.31, however, opens the door for a retest of the recent swing low at $1.13. The MACD histogram is slightly positive, hinting at weakening downward momentum, but it needs confirmation from price action.
XRP is caught in a market-wide downdraft, with technicals pointing to continued selling unless key support holds. Traders are watching whether the $1.31 Fibonacci level acts as a springboard or a breakdown point in the next 24-48 hours.
Meanwhile, Arizona’s SB1649 has passed the Senate Finance Committee, and XRP is explicitly eligible alongside Bitcoin in the proposed state strategic reserve framework. This marks one of the first multi-asset sovereign-style reserve structures at the state level in the United States. First Holdco Rises by 12%, Reaches N2.4trn
