The XRP XRP fell 3.7% in the past 24 hours, upside down from a sun -high $ 2.288 to close to $ 2.260 after three declines at the resistance level of $ 2.33.
Despite the formation of a short -term double bottom of $ 2.250, decline in recovery volume points to maintain bearish pressure.
News background
- The sharp pullback of XRP follows the days of higher volatility that -fuel by relying on a possible ETF decision from Franklin Templeton, which is expected later this month.
- As the momentum erected around regulatory wins – including Ripple Ripple’s Ripple approved Ripple in Dubai – the market response to repeated denial of the $ 2.33 level of resistance suggests that consumers are now facing fatigue.
- The XRP remains in the midst of broader discussions about crypto role in global payment.
- The company’s ongoing partnership with the Middle East and Asia-Pacific-especially in the real-world asset tokenization-can support the case for long-term value, but in the short term, technical sentiment has moved as the volume fades into every successive recovery attempt.
- Entrepreneurs will be watched closely to see if XRP support at $ 2.25 can hold under continued pressure.
Technical assessments
• Price declined from $ 2.288 to $ 2.260 (3.7% drop), with a 5.8% peak-to-trough range.
• Rejects of $ 2.33- $ 2.34 zone confirmed resistance and a head-and-shoulders pattern (neckline: $ 2.285).
• Duplicate bottom to $ 2.250 built at the final time, which triggers a slight recovery.
• The sale of peaked in 01: 31–01: 33 with over 7m units exchanged.
• The recovery began at 01:53 with higher lows forming, even though the volume refused to bounce. • If $ 2.25 fails, the target downside is seated near $ 2.234.
