Global economic tensions weigh heavily in cryptocurrency markets as XRP experiences a significant correction in the midst of a strong sales pressure.

The recent announcement of potential 50% duty on the European Union’s imports from the US government has triggered a broad market uncertainty, with the XRP coincident with most major cryptocurrencies despite Bitcoin recently reaching new all-time highs.

Technical analysts point to critical support in the area $ 2.25- $ 2.26, with market surveys warning that a break below this level can trigger deeper corrections against $ 1.55- $ 1.90 zone.

Meanwhile, the institutional interest remains strong with volatility shares launching an XRP futures ETF and geared ETF flow, which waves despite the price depth, suggesting that Wall Street continues to accumulate positions below the weakness of the market.

Technical analysis highlights

• XRP underwent a remarkable correction of 3.46% over the 24-hour period, with the price dropped from $ 2,361 to $ 2.303, creating a total range of $ 0.084 (3.57%).
• The most significant price action occurred during midnight (00:00) when the XRP dropped to $ 2,297 at unusually high volume (37.1 million), which established a strong volume -based support zone.
• A secondary sale at. 08:00 So the price affects the period low at $ 2,280 with the highest volume (39.9 m), confirming a double -bound formation.
• In the last hour, XRP experienced considerable volatility with a recovery attempt after the previous correction.
• After reaching a low level of $ 2,297 at. 13:11 Price formed a base around $ 2,298 before staging a significant rally that begins at 1 p.m. 13:27, and topped with $ 2.307 at 13: 36-13: 39 with unusually high volume (627k-480k).
• This bullish momentum created a clear resistance zone for $ 2,307, which was tested several times.
• The last 15 minutes saw the surplus pressure occur, with award -up to $ 2,300 and establishing a short -term support level that is in accordance with the psychological threshold of $ 2.30.

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