Here’s Why XRP Dumped Recently

XRP has come under renewed selling pressure, with the token recording a sharp decline in value on October ￰0￱ recent positive developments surrounding Ripple’s ecosystem, broader market weakness and technical factors appear to be weighing heavily on the asset. Currently, XRP trades at $2.26, reflecting a 5.97% drop over the past 24 ￰1￱ latest downturn comes after the token lost a key support level at $2.47, signaling intensifying bearish momentum. XRP’s market capitalization has also fallen by 5.97%, while its 24-hour trading volume surged by 59.78% to $9.45 billion, an indication that panic selling is underway as investors rush to reduce ￰2￱ Market Conditions Contribute to Decline The current pullback in XRP aligns with a wider selloff across the cryptocurrency ￰3￱ a global scale, the total crypto market capitalization has dropped by about 6%, now sitting near $3.5 ￰4￱ downturn has not spared even the top digital ￰5￱ is down nearly 4.59%, trading at approximately $105,555, while Ethereum has declined by 6.31%, changing hands at around $3,755.

Analysts attribute the broader decline to ongoing macroeconomic uncertainty and geopolitical risks , which have triggered risk-off sentiment among ￰6￱ market has yet to recover from the $19 billion liquidation event that occurred last Friday , further amplifying volatility across major ￰7￱ Ripple recently announced its acquisition of GTreasury, a move intended to enhance liquidity and strengthen its enterprise payment offerings, the positive corporate news has not been enough to counter the market’s bearish ￰8￱ continues to track the general market trend, which remains negative across most leading ￰9￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Technical Indicators Point to Ongoing Weakness From a technical perspective, XRP’s short-term outlook remains ￰10￱ Relative Strength Index (RSI) currently stands at 28.92, placing the token deep in oversold ￰11￱ reading reflects strong selling momentum and limited signs of a rebound.

A sustained RSI below 30 typically suggests that sellers are dominating, with buying interest yet to return ￰12￱ addition, the Average Directional Index (ADX) is at 37.39, confirming that the downward trend has ￰13￱ long as this reading remains elevated, technical analysts believe that a reversal is unlikely in the immediate ￰14￱ levels to watch include the $2.20 support zone, which now represents XRP’s nearest line of ￰15￱ this level breaks, the next significant support is projected around $2.00. Conversely, reclaiming the $2.50 level would signal a potential recovery, but such a move would require a notable increase in buying volume and market ￰16￱ broader market sentiment remains negative, as reflected by the global Fear & Greed Index, which currently reads 28, placing it firmly in the “extreme fear” ￰17￱ suggests that traders are still cautious, and large inflows into risk assets like XRP are unlikely in the short ￰18￱ strong bullish catalysts emerge, either from macroeconomic stabilization or renewed investor confidence, XRP could continue facing downward ￰19￱ now, technical and market data both indicate that the token’s bearish trend remains intact, with any recovery likely to depend on a broader shift in sentiment across the crypto ￰20￱ : This content is meant to inform and should not be considered financial ￰21￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰22￱ are urged to do in-depth research before making any investment ￰23￱ action taken by the reader is strictly at their own ￰24￱ Tabloid is not responsible for any financial ￰25￱ us on Twitter , Facebook , Telegram , and Google News