XRP Sinks on Sustained Selloffs, ETF Outflows
Ripple (XRP) declined sharply, moving below support as a raft of sellers took profits. This negative performance aligned with overall movement across top crypto names on Wednesday.
Bitcoin, Ethereum, and Binance Coin are down, and the market has seen sell pressures in Solana, Dogecoin, Tron, Cardano, except Hyperliquid, which posted a price appreciation of 2%
Trading in XRP increased by 24%, with transactions valued at $1.8 billion. XRP is navigating a mix of institutional negative sentiment and technical caution, with the price trading at $1.33 amid a bearish death cross.
XRP price is consolidating near $1.33, showing weak technical momentum, with an RSI of 40.31 and a recent death cross of its 20/50-day averages — a classic bearish signal. Price could fall further in the absence of dip buyers.
Meanwhile, the XRP Ledger Foundation has released a draft standard for AMM v2, which would expand its decentralised exchange beyond the current constant-product model.
The upgrade would allow liquidity pool creators to select from various curves, including Concentrated Liquidity and StableSwap pools.
This is bullish for the XRPL’s DeFi potential as it aims to significantly improve capital efficiency and attract more sophisticated liquidity, making the network more competitive with other smart contract platforms.
XRP’s narrative is split between near-term technical headwinds and steady progress in institutional adoption and ecosystem development. #XRP Sinks on Sustained Selloffs, ETF Outflows Bitcoin Sinks Amidst NY Lawsuit, Institutional Sell-offs
