TLDR
- XRP has dropped below $2.1, becoming the worst-performing top 10 altcoin with a 4.5% 24-hour decline
- Price is approaching a critical support level at $2.00, which hasn’t been breached since May 11
- Despite Ripple’s victory over the SEC, it appears to be a “sell-the-news” event with XRP down ~20% since the March 19 peak
- Whales have sold 1.12B XRP (worth $2.3B) in just two days, potentially triggering further decline
- Technical analysis shows bearish trend lines with resistance at $2.148 and support at $2.05
The price of XRP has declined below the $2.1 level, making it the worst-performing cryptocurrency among the top 10 by market cap. Data from CoinGecko shows XRP trading at $2.09 after hitting an intraday low of $2.08.
XRP Price
XRP has fallen by 4.5% over the past 24 hours. This performance lags behind other major cryptocurrencies. Cardano (ADA) follows closely with a 4.4% drop.
Most other top altcoins have experienced less severe corrections during this period. Tron (TRX) stands out as the only other top 10 coin remaining in the green.
Bitcoin has weathered the storm better than altcoins. The flagship cryptocurrency has dropped by only 2% during the same timeframe.
The decline places XRP at a critical juncture. According to analytics tools, the cryptocurrency is now approaching a key horizontal support level at $2.00.
This support level is particularly important. XRP has not traded below the $2.00 mark since May 11, nearly three months ago.
The weekly performance looks even worse. XRP has plunged by more than 14% in the past seven days, making it the worst performer among the top 20 cryptocurrencies.
For comparison, Bitcoin is down 5.5%, while Ethereum and Solana have declined by 11.6% and 9% respectively during the same period.
SEC Victory
On March 19, Ripple CEO Brad Garlinghouse effectively announced the end of the long-running lawsuit between his company and the US Securities and Exchange Commission (SEC). This legal battle had dragged on for over four years.
However, the price reaction has been disappointing for XRP supporters. The token briefly surged to $2.6 following the announcement but quickly reversed course.
This pattern resembles a classic “sell-the-news” event. XRP has lost approximately 20% of its value since that March 19 peak.
Even last week’s formal confirmation of the lawsuit closure failed to provide any positive momentum for the token’s price.
One factor that may be contributing to XRP’s decline is whale activity. Large market participants who accumulated XRP after the US elections have reportedly switched tactics.
These whales have sold off large amounts of XRP recently. Data suggests that 1.12 billion XRP, worth approximately $2.3 billion, was sold in just two days.
This massive sell-off represents almost 2% of XRP’s total market capitalization. Such large-scale selling can trigger further price declines.
From a technical analysis perspective, XRP is showing several bearish signals. There is a bearish trend line forming with resistance at $2.148 on hourly charts.
If XRP fails to clear the $2.15 resistance zone, it could face additional downward pressure. The next support levels to watch are $2.08 and then the critical $2.05 level.
A break below $2.05 could potentially push XRP toward the psychologically important $2.00 mark. Should this level fail to hold, the next major support sits near $1.88.
On the upside, XRP faces resistance at $2.15, $2.18, and $2.20. A clear move above $2.20 could target the $2.25 and $2.28 levels.
The broader market context may also be affecting XRP. Risk assets have been under pressure due to ongoing global trade tensions.
Earlier on Monday, Japan’s Nikkei index slipped by more than 4%, reflecting wider market concerns that appear to be spilling over into cryptocurrency markets.
Google Trends data shows that public interest in XRP has waned. Search interest for XRP recently hit its lowest level of 2025 despite Ripple’s legal victory.
It remains to be seen whether XRP can regain momentum in the coming months. Possible ETF approval later this year could provide a catalyst for renewed interest.
