Key Insights
- XRP’s price dipped under the 200-day EMA at ~$2.60 while trading volume climbed ~5%, highlighting increased market activity despite weakness.
- Large holders reportedly added over 30 million XRP recently, hinting at accumulation and possible positioning ahead of recovery.
- A sustained breakout above ~$2.50 with elevated volume and RSI recovery could mark a bullish pivot for XRP’s trend.
The cryptocurrency XRP slipped to around $2.40, registering losses of about 0.45% in the past 24 hours and nearly 5% over the prior week. The token’s slide occurred while its trading volume surged by approximately 4.9%, pointing to heightened market participation amid the decline.
Typically, when volume increases as price falls, it signals intensified selling pressure or profit-taking, rather than fresh buying momentum. In this case, the divergence between shrinking price and growing volume suggests investor caution or repositioning rather than conviction buying.
Broader Macro and Regulatory Influences
Geopolitical tensions, especially between the U.S. and China, are contributing to risk-off sentiment across financial markets. At the same time, the ongoing U.S. government shutdown has delayed regulatory actions, including approvals for crypto exchange-traded funds. This has raised concern around delayed institutional inflows into XRP, particularly given that several ETF filings involving XRP are already past their deadlines.
Despite the pressure, on-chain data suggest accumulation by large holders, as “whale” wallets appear to have picked up over 30 million XRP. This pattern of accumulation often precedes trend reversals, implying that some participants may be positioning ahead of a recovery.
Technical Outlook: Resistance at $2.45–$2.50 Zone
From a technical perspective, XRP’s decline beneath the 200-day exponential moving average (EMA) near $2.60 is a bearish signal. The Relative Strength Index (RSI) now sits near 39, edging toward the oversold region and hinting at a potential reversal. The key hurdle to watch remains the resistance at roughly $2.45–$2.50. A daily close above $2.50, accompanied by strong volume and rising RSI, could indicate a shift in momentum.
In summary, the current scenario presents a divergence: price falling while volume rises. This setup may represent a “shake-out” phase—weak hands being flushed out and smart money accumulating. Conversely, it could simply reflect heightened uncertainty without immediate recovery. A meaningful breakout above $2.50 is likely required to validate any bullish thesis and reverse the prevailing bearish bias.
