XRP’s recent market action has sparked renewed bearish sentiment as the cryptocurrency experiences a rapid retrace after an early-week surge. Over the past 24 hours, XRP has dropped more than 2.5%, currently trading around $2.1842, erasing most of its recent gains and signaling a potential move toward the $1 mark. The token’s inability to hold above key support levels reflects waning bullish momentum and increasing selling pressure across the broader crypto market.
Earlier this week, XRP showed signs of recovery, attempting to climb past the $2.60 level. However, that upward movement met stiff resistance near the 50-day moving average, leading to a swift rejection and reinforcing the dominance of bearish traders. This rejection indicates that sellers are preparing for another downward push, with bulls struggling to regain control of the short-term trend.
Market sentiment remains fragile as global crypto prices continue to decline. The overall weakness in Bitcoin and other major altcoins has further intensified XRP’s bearish trajectory. Analysts caution that if XRP fails to reclaim its short-term support zones soon, the price could slide closer to the psychologically significant $1 level, a move that would erase much of the progress made in recent months.
Adding to the market tension, discussions around Ripple’s treasury and broader market developments — including Coinbase’s new listings and renewed activity from Satoshi-era Bitcoin addresses — have amplified volatility. Despite hopes for stability, XRP’s current technical outlook suggests further downside risk unless strong buying interest emerges to counter the prevailing selloff.
