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Can the Ripple price hold near $2.15, or is the market preparing for another move toward lower levels?
Summary
XRP struggles to regain momentum, hovering around $2.15 after a precipitous fall from July highs, hinting at dwindling buyer confidence at crucial price points.
- Technical indicators show soft momentum, and analysts warn that losing $2.12 could open a path toward $2.10 and $2.05. ETF launches are making waves, yet prices are stuck in the doldrums. Investors, underwater on their initial bets, are holding tight, while persistent selling pressure keeps a lid on any potential rallies.
Ripple’s facing a tide of trouble. XRP is currently clinging to $2.15 after a sharp 5% drop in the last day, leaving it a staggering 40% adrift from its $3.65 high-water mark in July.
Bitcoin’s dive below $90,000 isn’t just a dip; analysts are calling it a structural crack. The real pressure? A wave of XRP holders underwater, teetering on the edge of panic selling. If market winds shift south, expect a potential XRP fire sale to drag Bitcoin down further.
“Tony Sycamore at IG Australia points out the recent plunge blindsided both seasoned investors and FOMO-fueled newcomers. Bullish bets were widespread, leaving many, especially those who chased the peak, underwater.”
XRP’s hope for a rally is fading. $2.20 crumbled, and the 100-hour SMA offers no lifeline. A stubborn downtrend line near $2.22 acts as a ceiling, crushing breakout attempts. Buyers are MIA, evidenced by the token’s struggle to surpass the 23.6% Fib retracement level.
XRP price chart | Source: crypto.news
Momentum is screaming “sell.” The MACD is buried deep in negative territory on the hourly chart, and the RSI just crumbled below 50. Bulls need to conquer $2.22, or $2.12 becomes a sitting duck. Lose that, and brace for a rapid descent toward $2.10, with $2.05 looming as the next potential crash zone.
Despite mounting anticipation for XRP ETFs, cracks are beginning to show. The recent, record-shattering ETF launch – the hottest US debut of 2025 – hinted at insatiable demand. But will that fire sustain? With industry titans like Franklin Templeton, Bitwise, 21Shares, and CoinShares poised to unleash fourmorespot XRP ETFs, the question isn’tifXRP will explode, butwhenthe market might reach a saturation point.
JPMorgan predicts newly launched XRP ETFs could trigger a tidal wave of $4–8 billion in their debut year. This influx of institutional cash would be a game-changer, something XRP hasn’t seen consistently. Remember the last XRP ETF launch stateside? It ignited an 18% price surgebeforetrading even began, rapidly amassing $150 million. Will history repeat itself, or will this be an even bigger boom?
Today’s market paints a puzzling picture. While ETFs are buzzing with bullish activity, prices stubbornly slide. It seems technical headwinds and a pervasive sense of caution are calling the shots in the short run, drowning out any optimism.
XRP’s holding its breath above $2, but don’t uncork the champagne just yet. While some see stability, a true comeback needs a sprint past $2.62. Think of it like this: XRP’s climbing a wall of worry. CoinGlass data paints a picture of serious selling pressure between $2.34 and $2.67 – expect fierce resistance on any rally attempts.
Sycamore’s analysis suggests a true market resurgence hinges on surpassing $2.70. The climb won’t be easy; the price first needs to shatter resistance at $2.22, $2.28, $2.32, and $2.40. Only then can a full recovery be declared.
$2.10 is the line in the sand. Breach it, and the bears could accelerate their attack, dragging the price down to $2.05 and potentially a staggering $1.88 – a 12% freefall. The next 48 hours are critical: will the anticipated ETF wave wash away the selling pressure from struggling retail investors, or will they drown?
Thanks for reading Ripple price slips to $215 with room for further downside
