The XRP faced a sharp downward pressure over the past 24 hours and fell 5.3% despite large -neck activity and facilitates geopolitical tensions.
The asset dipped from $ 2.21 to a session low of $ 2.08 before a modest recovery to $ 2.10.
While the wider crypto market tried to stabilize after truce in the Middle East, XRP’s momentum remained fragile with technical resistance building to $ 2.17.
News Background
- Market mood improved slightly after former US President Donald Trump reportedly helped the broker with a ceasefire between Iran and Israel and reassured a certain investor fear.
- Despite this, the XRP struggled to keep the recent gains as dealers responded to great movements on the chain. Ripple transferred XRP at $ 439 million to an unknown wallet, and other puppies moved another $ 58 million to centralized exchanges – raised questions about potential distribution or internal retraining.
- Although these events drew attention, the token’s inability to recover $ 2.14 Resistance Signals underlying Bearish Momentum.
- Technical analysts continue to monitor XRP’s declining channel pattern with expectations of an outbreak or breakdown between July and September. Currently, $ 2.08- $ 2.09 zone remains a critical level to hold.
Price action
The XRP dropped from $ 2.21 to $ 2.10 over the 24-hour period, marking a 5.3% decrease within an interval of $ 0.13. The steepest sale occurred between 12:00 and 4pm UTC on June 26, with back-to-back Time volume waves over 99 million XRP as the price dropped to $ 2.10. Resistance formed clearly to $ 2.17 with several rejection walls over $ 2.12 later at the session.
At midnight UTC, XRP had revised its session low at $ 2.08. A modest rejection followed in the last hour of the session as the price rose from $ 2.09 to $ 2.10, with short -term momentum of $ 2,105. A decrease in volume late in the session suggests buyer fatigue, though the $ 2.08 support zone held.
Technical Analysis Suggestion
• XRP dropped 5.3% from $ 2.21 to $ 2.10 with a total intraday area of $ 0.13
• The heaviest sale occurred from 12: 00–16: 00 UTC on volume above 114 m and 99 m xrp
• Strong resistance formed to $ 2.17; Key Support Tested to $ 2.08- $ 2.09
• Recovery attempt failed at $ 2.14 and $ 2.12 before they wound up about $ 2.10
• Final hour showed the message 0.54% gain from $ 2.09 to $ 2.10, with volume spiking to 930K XRP during 01: 42-01: 45
• Consolidation near $ 2.10 In the last 15 minutes suggests short -term stabilization
