XRP is experiencing significant downward pressure as a combination of broader market weakness and substantial selling by whales has led to a notable decline in its value. Over the past 24 hours, XRP has dropped by 2.06%, which is worse than the overall cryptocurrency market”s 3.2% decline, bringing its monthly losses to approximately 14%.
One of the primary factors contributing to this downturn is the offloading of over 1 billion XRP tokens by whales since November, which has weakened crucial support levels. Technically, XRP has struggled to maintain a foothold around the $2.20 resistance zone, with momentum indicators currently indicating an oversold condition.
Additionally, concerns surrounding upcoming U.S. jobs data are pressuring both equity markets and digital assets, intensifying the downside risks across the board. This bearish sentiment persists despite positive developments on the institutional side, notably CME launching XRP futures, which provide regulated and accessible contracts for professional investors. Furthermore, Binance has introduced an XRP to USD trading pair, enhancing direct liquidity during this turbulent period.
The conflicting signals of growing infrastructure support against ongoing selling pressure create a complex landscape for XRP. Pro-Ripple attorney Bill Morgan addressed the recent downturn, recognizing that many bullish narratives that were anticipated for 2025 have not yet materialized. XRP has seen a decline from $3.65 to around $1.88, despite a steady stream of ETF inflows, which has dampened much of the speculative optimism surrounding the token.
Despite the current challenges, Morgan remains optimistic about XRP“s future. He acknowledged that his previous expectations for double-digit prices and a supply shock have not been realized thus far, but he maintains that the underlying fundamentals remain intact. He expressed a belief that XRP will “shock the world” in 2026.
From a technical perspective, analysts have varied opinions, but none appear overtly bearish. Currently, XRP is trading within a descending channel on the three-day chart, which is generally interpreted as a pullback rather than a full breakdown. Support levels between $1.90 and $2.00 are holding firm, with the 200 EMA serving as critical macro support. If XRP can reclaim the $2.30 level, it could pave the way for a rise towards the $3.10 to $3.30 range. Conversely, a decisive close below the 200 EMA would heighten downside risks for the token.
